{"identifier":"/us/usc/t12/s4548","title":12,"num":"\u00a7\u202f4548.","heading":"Regulations for use of credit scores","text":"\u00a7\u202f4548.\nRegulations for use of credit scores\nThe Director shall\u2014\n(1) by regulation, establish standards and criteria for any process used by an enterprise to validate and approve credit scoring models pursuant to\nsection 1717(b)(7) of this title\nsection 1454(d) of this title\n(2) ensure that any credit scoring model that is validated and approved by an enterprise under\nsection 1717(b)(7) of this title\nsection 1454(d) of this title\nsection 1717(b)(7)(C) of this title\nsection 1454(d) of this title","url":"https://projectusc.org/usc/t12/s4548.html","content":[{"t":"sec","id":"/us/usc/t12/s4548","children":[{"t":"num","text":"\u00a7\u202f4548."},{"t":"heading","text":"Regulations for use of credit scores","tail":"\n"},{"t":"chapeau","text":"The Director shall\u2014"},{"t":"para","id":"/us/usc/t12/s4548/1","children":[{"t":"num","text":"(1)"},{"t":"content","text":" by regulation, establish standards and criteria for any process used by an enterprise to validate and approve credit scoring models pursuant to ","children":[{"t":"ref","text":"section 1717(b)(7) of this title","href":"/us/usc/t12/s1717/b/7","tail":" and "},{"t":"ref","text":"section 1454(d) of this title","href":"/us/usc/t12/s1454/d","tail":"; and"}],"tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t12/s4548/2","children":[{"t":"num","text":"(2)"},{"t":"content","text":" ensure that any credit scoring model that is validated and approved by an enterprise under ","children":[{"t":"ref","text":"section 1717(b)(7) of this title","href":"/us/usc/t12/s1717/b/7","tail":" or "},{"t":"ref","text":"section 1454(d) of this title","href":"/us/usc/t12/s1454/d","tail":" meets the requirements of clauses (i), (ii), and (iii) of "},{"t":"ref","text":"section 1717(b)(7)(C) of this title","href":"/us/usc/t12/s1717/b/7/C","tail":" and subparagraphs (A), (B), and (C) of "},{"t":"ref","text":"section 1454(d) of this title","href":"/us/usc/t12/s1454/d","tail":", respectively."}],"tail":"\n"}],"tail":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"}]}]}