§4548 — Title 12 Banks and Banking | U.S. Code

§4548 Regulations for use of credit scores

Title 12 › Chapter CHAPTER 46— - GOVERNMENT SPONSORED ENTERPRISES › Subchapter SUBCHAPTER I— - SUPERVISION AND REGULATION OF ENTERPRISES › Part Part B— - Additional Authorities of the Director › Subpart subpart 1— - general authority › § 4548

Last updated Apr 6, 2026|Official source

Summary

The Director must make rules that set standards for how an enterprise checks and approves credit scoring models under sections 1717(b)(7) and 1454(d). The Director must also make sure any model an enterprise approves under those sections meets the requirements in 1717(b)(7)(C)(i)–(iii) and 1454(d)(A)–(C).

Title 12, §4548

Banks and Banking — Source: USLM XML via OLRC

The Director shall—

(1)by regulation, establish standards and criteria for any process used by an enterprise to validate and approve credit scoring models pursuant to section 1717(b)(7) of this title and section 1454(d) of this title; and

(2)ensure that any credit scoring model that is validated and approved by an enterprise under section 1717(b)(7) of this title or section 1454(d) of this title meets the requirements of clauses (i), (ii), and (iii) of section 1717(b)(7)(C) of this title and subparagraphs (A), (B), and (C) of section 1454(d) of this title, respectively.

Notes & Related Subsidiaries

Editorial Notes

Prior Provisions

A prior section 4548, Pub. L. 102–550, title XIII, § 1328, Oct. 28, 1992, 106 Stat. 3956; Pub. L. 110–289, div. A, title I, § 1122(a)(1),

July 30, 2008, 122 Stat. 2689, related to required annual reports, prior to repeal by Pub. L. 110–289, div. A , title I, § 1104(b),

July 30, 2008, 122 Stat. 2667.