Page:United States Statutes at Large Volume 117.djvu/1992

 PUBLIC LAW 108–159—DEC. 4, 2003

117 STAT. 1973

603(p) of the Fair Credit Reporting Act, to make free consumer reports available upon consumer request, and if so, whether such consumer reporting agencies should make such free reports available through the centralized source described in paragraph (1)(A). (B) CONSIDERATIONS.—Before making any determination under subparagraph (A), the Commission shall consider— (i) the number of requests for consumer reports to, and the number of consumer reports generated by, the consumer reporting agency, in comparison with consumer reporting agencies described in subsections (p) and (w) of section 603 of the Fair Credit Reporting Act; (ii) the overall scope of the operations of the consumer reporting agency; (iii) the needs of consumers for access to consumer reports provided by consumer reporting agencies free of charge; (iv) the costs of providing access to consumer reports by consumer reporting agencies free of charge; and (v) the effects on the ongoing competitive viability of such consumer reporting agencies if such free access is required. SEC. 212. DISCLOSURE OF CREDIT SCORES.

(a) STATEMENT ON AVAILABILITY OF CREDIT SCORES.—Section 609(a) of the Fair Credit Reporting Act (15 U.S.C. 1681g(a)) is amended by adding at the end the following new paragraph: ‘‘(6) If the consumer requests the credit file and not the credit score, a statement that the consumer may request and obtain a credit score.’’. (b) DISCLOSURE OF CREDIT SCORES.—Section 609 of the Fair Credit Reporting Act (15 U.S.C. 1681g), as amended by this Act, is amended by adding at the end the following: ‘‘(f) DISCLOSURE OF CREDIT SCORES.— ‘‘(1) IN GENERAL.—Upon the request of a consumer for a credit score, a consumer reporting agency shall supply to the consumer a statement indicating that the information and credit scoring model may be different than the credit score that may be used by the lender, and a notice which shall include— ‘‘(A) the current credit score of the consumer or the most recent credit score of the consumer that was previously calculated by the credit reporting agency for a purpose related to the extension of credit; ‘‘(B) the range of possible credit scores under the model used; ‘‘(C) all of the key factors that adversely affected the credit score of the consumer in the model used, the total number of which shall not exceed 4, subject to paragraph (9); ‘‘(D) the date on which the credit score was created; and

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