Title 12 — Banks and BankingRelease 119-73not60
§4548 Regulations for Use of Credit Scores
Title 12 › Chapter 46— GOVERNMENT SPONSORED ENTERPRISES › Subchapter I— SUPERVISION AND REGULATION OF ENTERPRISES › Part B— Additional Authorities of the Director › Subpart 1— general authority › § 4548
Summary
The Director must make rules that set standards and criteria for how an enterprise validates and approves credit scoring models under sections 1717(b)(7) and 1454(d). The Director must also make sure any model approved by an enterprise under those sections meets the requirements in clauses (i)–(iii) of 1717(b)(7)(C) and subparagraphs (A)–(C) of 1454(d).
Full Legal Text
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.
Legislative History
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.
Reference
Citations & Metadata
Citation
12 U.S.C. § 4548
Title 12 — Banks and Banking
Last Updated
Apr 3, 2026
Release point: 119-73not60