If you obtain a credit score you should either provide a risk-based pricing notice to appropriate applicants, or you may choose to provide a credit score exception notice (CSEN). There are three credit score exception notices – one for loans secured by one to four units of residential real property, one for loans not secured by one to four units of residential real property, and one for situations where the consumer does not have a credit score.
For more information abou risk-based pricing requirements we have a video available on our website. The link is https://mycomplianceresource.com/RISK-10.html.