Copy of Credit Report to Mortgage Broker

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    We have a mortgage broker agreement with another bank. They take the application and forward it to us for approval. They are requesting copies of the credit report for all denials. Can we provide a copy to them?
    In our contract with the company we pull credit through it states client may not provide a copy of a consumer report or discuss content with any third party not directly associated with that particular credit or purchase descission.

    Thanks you in advance for your help!



    FCRA only addresses the sharing of credit report information between affiliates. In the situation you described, it doesn’t sound like the other bank is an affiliate. I don’t believe FCRA addresses your question, thus this sounds like a question for an attorney.

    In my opinion, I would think the sharing would not fit with the spirit of the law.

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