Bureau Score definition

Bureau Score means the proprietary score assigned to credit applicants by TRW, Trans Union or Equifax, or as may otherwise be agreed to in writing between ACCH and First Union.
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Examples of Bureau Score in a sentence

  • The Bureau Score may appear on a credit report for convenience only, but is not a part of the credit report nor does it add to the information in the report on which it is based.

  • The Bureau Score itself, when accompanied by the corresponding reason codes, may also be disclosed to the consumer who is the subject of the Bureau Score.

  • However, the Bureau Score itself may not be used as the reason for adverse action under Reg.

  • For loans made after the Closing Date, the consumer borrower shall have a FICO Credit Bureau Score of at least 600; provided that up to an aggregate of fifteen percent (15%) of the outstanding principal amount of all Eligible Consumer Loans made after the Closing Date and pledged as Collateral hereunder may be made to consumer borrowers with FICO Credit Bureau Scores of less than 600 (both for each Loan and on a cumulative basis).

  • For the purposes hereof, any consumer borrower that does not have a FICO Credit Bureau Score shall be treated as a consumer borrower with a FICO Credit Bureau Score of less than 600.

  • TURSS may provide score reason codes to Subscriber, which are designed to indicate the principal factors that contributed to the Bureau Score, and may be disclosed to consumers as the reasons for taking adverse action, as required by the Equal Credit Opportunity Act ("ECOA") and its implementing Regulation (“Reg.

  • In addition to the foregoing, the Borrower shall ensure that the weighted average FICO Credit Bureau Scores of all consumer borrowers with respect to which a FICO Credit Bureau Score can be obtained be not less than 640.

  • For the avoidance of any doubt, any consumer borrower that does not have a FICO Credit Bureau Score shall be considered as having a FICO Credit Bureau Score of less than 600.

  • In addition to the foregoing, effective as of the date sixty (60) days after the Closing Date, the Borrower shall ensure that the weighted average FICO Credit Bureau Scores of all consumer borrowers with respect to which a FICO Credit Bureau Score can be obtained be not less than 640.

  • This Agreement will bind the Parties and their respective successors and permitted assigns.