Title 12, Banks and BankingRelease 119-102

§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

Last updated Aug 21, 2026|Official source

Summary

The Director must write rules that explain how an enterprise must test and approve credit scoring models used under section 1717(b)(7) and section 1454(d). The Director must also make sure any model approved under those sections meets the specific requirements in clauses (i), (ii), and (iii) of section 1717(b)(7)(C) and subparagraphs (A), (B), and (C) of section 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

Aug 21, 2026

Release point: 119-102