NOTICE TO THE HOME LOAN APPLICANT

 

In connection with your application for a home loan, the lender must disclose to you the score that a consumer reporting agency distributed to users, and the lender used in connection with your home loan, and the key factors affecting your credit scores.

 

The credit score is a computer generated summary calculated at the time of the request and based on information that a consumer reporting agency or lender has on file. The scores are based on data about your credit history and payment patterns. Credit scores are important because they are used to assist the lender in determining whether you will obtain a loan. They may also be used to determine what interest rate you may be offered on the mortgage. Credit scores can change over time, depending on your conduct, how your credit history and payment patterns change, and how credit scoring technologies change.

 

Because the score is based on information in your credit history, it is very important that you review the credit-related information that is being furnished to make sure it is accurate. Credit records my vary from one company to another.

 

If you have questions about your credit score or the credit information that is furnished to you, contact the consumer reporting agency at the address and telephone number(s) provided with this notice, or contact the lender if the lender developed or generated the credit score. The consumer reporting agency plays no part in the decision to take any action on the loan application and is unable to provide you with specific reasons for the decision on a loan application.

 

If you have questions concerning the terms of the loan, contact the lender.

Equifax / CSC

F 214-445-5436

652 North Belt Ste. 133

Box 674402

Houston, TX 77267-4402

www.esccredit.com

Experian (T R W)

F 1-800-831-5614

P O Box 2106

Allen, TX 75002

www.experian.com

Trans Union

F 972-831-0914

F 1-800-888-4213

Consumer Relations Office

P O Box 390 Springfield, PA 19064

www.transunion.com

 

Contact number and addressees for these credit bureaus are subject to change at their discretion.

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Fair Credit Reporting Act Notice
Notice To The Home Loan Applicant