,,ib ,union ,calendar ,no4 #bdg #aafth ,,congress #ast ,session ,h4 ,r4 #cfah ,report ,no4 #aaf-cjf ,,in ,,the ,,house ,,of ,,representatives ,july #e1 #bjai ,mrs4 ,beatty introduced the following bill2 which was referred to the ,committee on ,financial ,services ,november #ba1 #bjai;,additional sponsor3 ,mr4 ,cleaver ,november #ba1 #bjai ,reported with an amendment1 committed to the ,committee of the ,whole ,house on the ,state of the ,union1 and ordered to be printed ,strike out all after the enacting clause and insert the part printed in italic ,for text of introduced bill1 see copy of bill as introduced on ,july #e1 #bjai ,a ,,bill ,to establish requirements relating to credit scores and educational credit scores1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,free ,credit ,scores for ,consumers ,act of #bjai4 #b4 ,findings ,congress finds the following3 7#a7 ,while nationwide consumer reporting agencies 7,c,r,as7 are required by law to supply consumers with a free copy of their credit report annually1 they can charge consumers to obtain a credit score disclosure4 7#b7 ,a ,july #bjaa report by the ,consumer ,financial ,protection ,bureau 7,consumer ,bureau7 titled ,the ,impact of ,differences between ,consumer- and ,creditor-,purchased ,credit ,scores found that the credit scores made available to and purchased by consumers from ,c,r,as are unlikely to be the same credit scores used by creditors and lenders to evaluate consumers' creditworthiness4 7#c7 ,that report found that the scarcity of public educational tools to inform consumers of the differences among credit scores1 the large combined market share and brand recognition of ,,fico credit scores1 and the marketing practices of some credit score sellers may perpetuate consumers' confusion about credit scores4 ,as a result1 some consumers may be purchasing an educational credit score or subscribing to a credit monitoring service sold by a ,,cra1 without realizing the limitations and usefulness of these products and services4 7#d7 ,similarly1 a ,september #bjab ,consumer ,bureau report titled ,analysis of ,differences between ,consumer- and ,creditor-,purchased ,credit ,scores found that consumers do not know before they purchase a credit score from a ,,cra whether this credit score will closely track or vary significantly from the credit score sold to creditors or lenders4 ,given the lack of transparency about the usefulness of credit scores that are marketed for purchase by consumers from ,c,r,as and the resulting consumer confusion1 the ,consumer ,bureau recommended that companies selling scores to consumers clearly inform consumers that the scores marketed to consumers for purchase by ,c,r,as can vary1 sometimes substantially1 from the scores that are actually sold to and used by creditors and lenders4 7#e7 ,a ,february #bjaa study by ,consumer ,federation of ,america and ,vantage,score also found that half of the consumers surveyed did not know that a credit score is designed to indicate the risk of not repaying a credit obligation4 ,consumers also did not know who makes credit scores available1 what numerical range constitutes excellent credit standing1 or the financial implications of having a low credit score4 7#f7 ,many consumers do not realize that they have more than just one credit score4 ,because the submission of credit information to ,c,r,as is voluntary and not all furnishers submit information to every ,,cra1 the information contained in a report also varies among ,c,r,as4 ,as a result1 the credit score generated by each ,,cra is also likely to vary1 resulting in potentially different credit decisions based on an evaluation of different credit reports obtained from different ,c,r,as4 7#g7 ,a ,february #bjae ,consumer ,bureau report titled ,consumer ,voices on ,credit ,reports and ,scores found that consumers had questions about what actions to take to improve their scores once they had seen them1 suggesting that additional disclosures and educational content would be helpful to consumers4 ,the ,consumer ,bureau found that consumers were confused by conflicting advice on how to improve their scores4 7#h7 ,that report also noted that consumers found the process for obtaining consumer reports and credit scores confusing4 ,consumers also were uncertain about whether1 and under what circumstances1 they could obtain a consumer report for free4 #c4 ,definitions 7a7 ,in general ,section #fjc of the ,fair ,credit ,reporting ,act 7#ae ,u4,s4,c4 #afha;a7 is amended by adding at the end the following new subsection3 7bb7 ,credit score and educational credit score definitions 7#a7 ,credit score ,the term credit score means a numerical value or a categorization derived from a statistical tool or modeling system used by a person who makes or arranges a loan or extends credit to predict the likelihood of certain credit behaviors1 including default1 as determined by the ,bureau4 7#b7 ,educational credit score ,the term educational credit score means a numerical value or categorization derived from a statistical tool or modeling system based upon information from a consumer report that assists consumers in understanding how a lender or creditor may view the consumer's creditworthiness in deciding whether to make a loan or extend credit to that consumer4 7#c7 ,key factors ,the term key factors means relevant elements or reasons affecting the credit score for the particular individual1 listed in the order of importance based on the effect of each element or reason on the credit score or educational credit score4 7#d7 ,credit scoring model ,the term credit scoring model means a scoring algorithm1 formula1 model1 program1 or mechanism used to generate a credit score or an educational credit score4 4 7b7 ,conforming amendments ,the ,fair ,credit ,reporting ,act 7#ae ,u4,s4,c4 #afha et seq47 is amended-- 7#a7 in section #fje7;d77#b71 by striking 7as defined in section #fji7;f77#b77;,b772 and 7#b7 in section #fae-- 7,a7 by striking as defined in section #fji7;f77#b77;,a7 each place that term appears2 and 7,b7 by striking set forth in subparagraphs 7,b7 through 7,e7 of section #fji7;f77#a7 and inserting with respect to a credit score described in section #fji7;f77#b71 if available each place that term appears4 #d4 ,expands explanatory information given to consumers about how scores are calculated ,section #fji7;f7 of the ,fair ,credit ,reporting ,act 7#ae ,u4,s4,c4 #afha;g7f77 is amended to read as follows3 7f7 ,disclosure of credit score and educational credit score by consumer reporting agencies 7#a7 ,in general ,upon the request of a consumer for a credit score or educational credit score1 a consumer reporting agency shall supply to the consumer a statement-- 7,a7 containing-- 7i7 a current credit score at the time of the request generated using a commonly used credit scoring model to generate credit scores1 subject to regulations of the ,bureau2 7ii7 an educational credit score at the time of the request1 if it is not practicable to generate such a credit score1 as determined by the ,bureau2 or 7iii7 an explanation that the consumer's file does not have sufficient information from which to generate such a credit score or educational credit score2 and 7,b7 with respect to each previous credit score in the file of the consumer-- 7i7 the date on which the credit score was generated2 7ii7 the name of any entity that the credit score was provided to2 and 7iii7 the credit score itself4 7#b7 ,requirements ,a statement provided under clause 7i7 or 7ii7 of paragraph 7#a77;,a7 shall include-- 7,a7 a minimum of #d key factors1 if available1 that adversely affected the credit score or educational credit score1 except that if one of the key factors consists of the number of enquiries made with respect to a consumer report1 that factor shall be provided to the consumer in addition to the factors required by this subparagraph2 7,b7 to the extent possible1 specific actions a consumer could take with respect to each key factor listed in subparagraph 7,a7 to improve the consumer's credit score or educational credit score2 7,c7 a minimum of #d key factors1 if available1 that positively affected the credit score or educational credit score2 7,d7 the range of possible credit scores or educational credit scores under the credit scoring model used2 7,e7 the distribution of credit scores or educational credit scores among consumers who are scored under the same credit scoring model by the consumer reporting agency1 and using the same scale as that of the score that is provided to a creditor or consumers-- 7i7 in the form of a bar graph containing a minimum of #f bars that illustrates the percentage of consumers with credit scores or educational credit scores within the range of scores represented by each bar2 or 7ii7 by another clear and readily understandable graphical depiction1 statement1 or illustration comparing the consumer's credit score or educational credit score to the scores of other consumers1 as determined by the ,bureau2 7,f7 the date on which the credit score or educational credit score was created2 and 7,g7 the name of the person that developed the credit scoring model on which the credit score or educational credit score was based4 7#c7 ,applicability to certain uses ,this subsection shall not be construed so as to compel a consumer reporting agency to-- 7,a7 develop or disclose a credit score if the agency does not distribute credit scores used by a person who makes or arranges a loan or extends credit to predict the likelihood of certain credit behaviors2 or 7,b7 develop or disclose an educational credit score if the agency does not develop educational credit scores that assist in understanding the general credit behavior of a consumer and predicting the future credit behavior of the consumer4 7#d7 ,maintenance of credit scores 7,a7 ,in general ,all consumer reporting agencies shall maintain in the consumer's file credit scores relating to the consumer for a period of #b years from the date on which such information is generated4 7,b7 ,disclosure only to consumers ,a past credit score maintained in a consumer's file pursuant to subparagraph 7,a7 may only be provided to the consumer to which the credit score relates and may not be included in a consumer report or used as a factor in generating a credit score or educational credit score4 7,c7 ,removal of past credit scores ,a past credit score maintained in a consumer's file pursuant to subparagraph 7,a7 shall be removed from the consumer's file after the end of the #b-year period described under subparagraph 7,a74 4 #e4 ,requires consumer reporting agencies to disclose prominently the differences between and limitations of credit scores and educational credit scores required prior to a consumer obtaining such scores ,section #fji7;f7 of the ,fair ,credit ,reporting ,act 7#ae ,u4,s4,c4 #afha;g7f771 as amended by section #c1 is further amended by adding at the end the following new paragraphs3 7#e7 ,website disclaimer ,a consumer reporting agency that generates or provides credit scores or educational credit scores shall clearly and conspicuously display on the home page of the agency's ,internet website1 and as part of any application1 solicitation1 or marketing material or media providing information related to a credit score or educational credit score1 the following notice1 in boldface type of #ah-point font or larger and in a text box with boldface outer borders3 ,credit score disclaimer ,there is no 8one0 credit score4 ,there are many scoring formulas derived from a wide variety of models available to a consumer and used by lenders and creditors4 ,different lenders and creditors use different scoring formulas to determine whether to extend credit or make a loan to you1 and the terms of the credit or loan4 ,an educational credit score is not a credit score that a person who makes a loan or extends credit to you is likely to use4 ,educational credit scores are merely intended to be used as an educational tool to help consumers understand how the information contained in a consumer report may affect the terms and conditions of a loan or extension of credit that may be available to a consumer4 ,lenders and creditors may also rely on information not contained in your consumer report and not reflected in the calculation of your credit score4 4 7#f7 ,additional requirements for educational credit scores 7,a7 ,disclaimer ,if an educational credit score is provided pursuant to paragraph 7#a71 a consumer reporting agency shall clearly and conspicuously include in a prominent location on the statement1 in boldface type of #ah-point font or larger1 and in a text box with boldface outer borders1 the following notice3 ,educational credit score disclaimer ,the educational credit score provided to you is not a credit score that a lender or creditor is likely to use to make a loan or extend credit to you4 ,there are many different credit scores derived from a wide variety of models used by lenders and creditors4 ,an educational credit score is merely an educational tool4 ,it is intended to provide consumers with a basic understanding of how the information contained in a consumer report may affect the terms and conditions of credit that are available4 ,the credit scores you receive directly from different lenders and creditors may not be the same as an educational credit score4 ,there are a number of reasons for this3 7#a7 ,each company may use a different formula for calculating credit scores and the differences in the formulas may lead to differences in your scores4 7#b7 ,companies may produce scores that give results on different scales4 7#c7 ,not all lenders or creditors report to every consumer reporting agency1 and therefore the information contained in your consumer report that the consumer reporting agencies use to calculate your educational credit score may differ among agencies4 4 7,b7 ,prohibition on misleading representations ,a consumer reporting agency may not refer to an educational credit score as a credit score in any application1 solicitation1 marketing1 or other informational materials or media4 7#g7 ,modification of disclaimers ,the ,bureau may modify the content1 format1 and manner of the disclaimers required under paragraphs 7#e7 and 7#f71 if warranted1 after conducting consumer testing or research4 4 #f4 ,provides consumers with free credit score disclosures with their free annual consumer reports upon request and creates instances when consumers automatically receive free consumer reports and credit scores 7a7 ,in general ,section #fab of the ,fair ,credit ,reporting ,act 7#ae ,u4,s4,c4 #afha;j7 is amended-- 7#a7 in subsection 7a7-- 7,a7 in paragraph 7#a7-- 7i7 in subparagraph 7,a71 by inserting after section #fji the following3 7including the disclosure of a credit score or educational credit score under subsection 7f7 of such section72 and 7ii7 in subparagraph 7,c7-- 7,i7 by striking ,commission each place such term appears and inserting ,bureau2 and 7,,ii7 by inserting 1 credit scores1 and educational credit scores 7as applicable7 after consumer reports each place that term appears2 7,b7 in paragraph 7#b7-- 7i7 by striking #ae days and inserting #c business days2 and 7ii7 by inserting 1 credit score1 or educational credit score after consumer report2 7,c7 in paragraph 7#c71 by inserting 1 credit score1 or educational credit score after consumer report2 and 7,d7 in paragraph 7#d71 by inserting 1 credit scores1 or educational credit scores after consumer reports2 7#b7 in subsection 7b71 by inserting 7including the disclosure of a credit score or educational credit score1 as applicable1 under subsection 7f7 of such section7 after section #fji2 7#c7 in subsection 7c7-- 7,a7 by inserting 7including the disclosure of a credit score or educational credit score under subsection 7f7 of such section7 after pursuant to section #fji2 7,b7 in paragraph 7#b71 by striking 2 or and inserting a semicolon2 7,c7 in paragraph 7#c71 by striking the period at the end and inserting a semicolon2 and 7,d7 by adding at the end the following new paragraphs3 7#d7 has disputed information1 or submitted an appeal of an investigation or reinvestigation of such information1 under section #faa or #fbc1 regardless of whether the consumer has already received a credit report1 credit score1 or educational credit score under section #faa or #fbc2 or 7#e7 has had information that was previously deleted under section #faa7;a77#e7 reinserted into the consumer's file1 regardless of whether the consumer has already received a credit report1 credit score1 or educational credit score under such section4 2 7#d7 in subsection 7d71 by inserting 7including the disclosure of a credit score or educational credit score under subsection 7f7 of such section7 after section #fji2 7#e7 in subsection 7f77#a7-- 7,a7 by striking reasonable charge and all that follows through section #fji and inserting reasonable charge on a consumer for providing a consumer report to a consumer2 7,b7 by striking subparagraph 7,b72 7,c7 by redesignating clauses 7i7 and 7ii7 as subparagraphs 7,a7 and 7,b71 respectively 7and conforming the margins accordingly72 and 7,d7 in subparagraph 7,b7 7as so redesignated71 by striking disclosure2 and and inserting disclosure42 and 7#f7 by adding at the end the following new subsections3 7h7 ,centralized source for obtaining free copy of consumer report and scores 7#a7 ,nationwide consumer reporting agencies 7,a7 ,in general ,not later than #ahj days after the date of enactment of this subsection1 each consumer reporting agency described under subsection 7p7 of section #fjc shall prominently display on the home page of the agency's website-- 7i7 a hyperlink labeled ,get ,your ,free ,annual ,credit ,reports along with either your ,credit ,scores or ,educational ,credit ,scores provided for under ,federal ,law or substantially similar text1 as determined by the ,bureau2 and 7ii7 a disclosure titled ,consumer's ,right to ,free ,credit ,scores1 ,educational ,credit ,scores1 and ,reports under ,federal ,law or substantially similar text1 as determined by the ,bureau that includes the following statement3 ,all consumers are entitled to obtain a free copy of their consumer report and credit score or educational credit score annually from each of the nationwide consumer reporting agencies4 ,under ,federal law1 a consumer is entitled to obtain additional free copies of their consumer reports1 along with a copy of either the consumer's credit score or educational credit score 7under certain circumstances71 including3 7#a7 ,when a consumer is unemployed and intends to apply for employment within #fj days4 7#b7 ,when a consumer is a recipient of public welfare assistance4 7#c7 ,when a consumer has a reasonable belief that their report contains inaccuracies as a result of fraud4 7#d7 ,when a consumer asserts in good faith a suspicion that the consumer has been or is about to become a victim of identity theft1 fraud1 or a related crime1 or harmed by the unauthorized disclosure of the consumer's financial or personally identifiable information4 7#e7 ,when a consumer files a dispute or an appeal of the results of a dispute with a consumer reporting agency or a person who furnished information to the consumer reporting agency regarding the accuracy or completeness of the information contained on their report4 7#f7 ,after a furnisher of information discovers it has furnished inaccurate or incomplete information to a consumer reporting agency1 and the furnisher notifies the agency of the error4 7#g7 ,after an adverse action is taken against a consumer or a consumer receives a risk-based pricing notice4 7#h7 ,when a mortgage lender1 private educational lender1 indirect auto lender1 or motor vehicle lender obtains and uses a consumer's reports or scores for underwriting purposes4 4 7,b7 ,hyperlink requirements ,the hyperlink described in subparagraph 7,a77i7 shall be prominently located on the top of the home page and should link directly to the website of the centralized source established pursuant to section #baa7;d7 of the ,fair and ,accurate ,credit ,transactions ,act of #bjjc 7#ae ,u4,s4,c4 #afha;j note74 7,c7 ,modifications ,the ,bureau may modify the disclosure described in subparagraph 7,a77ii7 as necessary to include other circumstances under which a consumer has the right to receive a free consumer report1 credit score1 or educational credit score4 7#b7 ,nationwide specialty consumer reporting agencies 7,a7 ,in general ,not later than #ahj days after the date of enactment of this subsection1 each nationwide specialty consumer reporting agency shall prominently display on the ,internet home webpage of the agency a disclosure titled ,consumer's ,right to ,free ,consumer ,reports and ,credit ,score or ,educational ,credit ,score 7as applicable7 under ,federal ,law4 ,such disclosure shall include the following statement3 ,upon request1 all consumers are entitled to obtain a free copy of their consumer report and credit score or educational credit score 7as applicable7 during any #ab-month period from each of the nationwide specialty consumer reporting agencies4 ,federal law also provides further circumstances under which a consumer is entitled to obtain additional free copies of their consumer report and credit score or educational credit score 7as applicable7 including3 7#a7 ,when a consumer is unemployed and intends to apply for employment within #fj days4 7#b7 ,when a consumer is a recipient of public welfare assistance4 7#c7 ,when a consumer has a reasonable belief that their report contains inaccuracies as a result of fraud4 7#d7 ,when a consumer files a dispute or an appeal of the results of a dispute with a consumer reporting agency or a person who furnished information to the consumer reporting agency regarding the accuracy or completeness of the information contained on their report4 7#e7 ,after a furnisher of information discovers it has furnished inaccurate or incomplete information to a consumer reporting agency1 and the furnisher notifies the agency of the error4 7#f7 ,after an adverse action is taken against a consumer or a consumer receives a risk-based pricing notice4 7#g7 ,when a mortgage lender1 private educational lender1 indirect auto lender1 or motor vehicle lender obtains and uses a consumer's reports or scores for underwriting purposes4 4 7,b7 ,modifications ,the ,bureau may modify the disclosure described in subparagraph 7,a7 as necessary to include other circumstances under which a consumer has the right to receive a free consumer report and credit score or educational credit score 7as applicable74 7,c7 ,toll-free telephone access ,the information described in this paragraph shall also be made available via a toll-free telephone number4 ,such number shall be prominently displayed on the home page of the website of each nationwide specialty consumer reporting agency4 ,each of the circumstances under which a consumer may obtain a free consumer report and credit score or educational credit score 7as applicable7 shall be presented in an easily understandable format and consumers shall be directed to an individual who is a customer service representative not later than #b minutes after the initial phone connection is made by the consumer4 ,information provided through such telephone number shall comply with the requirements of section #fcc4 7,d7 ,online consumer reports2 exemption ,upon receipt of a request by a consumer for a consumer report1 each nationwide specialty consumer reporting agency shall provide access to such report electronically on the ,internet website described in section #faa7;h74 7i7 ,automatic provision of free consumer reports and credit scores or educational credit scores ,a consumer reporting agency shall provide to a consumer a free copy of the file and credit score or educational credit score of the consumer who-- 7#a7 obtains a fraud alert1 extended alert1 active duty alert1 or security freeze as described in section #fje;,a2 or 7#b7 has disputed information1 or submitted an appeal of an investigation or reinvestigation of such information1 under section #faa or #fbc4 4 7b7 ,technical amendment ,section #fae7;h77#g7 of such ,act 7#ae ,u4,s4,c4 #afham7h77#g77 is amended by striking section and inserting subsection4 #g4 ,requires private educational lenders to provide consumers with free copies of any consumer reports and credit scores that they used for underwriting before consumers sign loan agreements ,section #fji of the ,fair ,credit ,reporting ,act 7#ae ,u4,s4,c4 #afha;g7 is amended by adding at the end the following new subsection3 7h7 ,disclosure of consumer reports and credit scores by private educational lenders 7#a7 ,in general ,if a private educational lender obtains a copy of any consumer reports or credit scores and uses such reports or scores in connection with an application of a consumer for a private education loan1 the private educational lender shall provide to the consumer1 not later than #c business days after obtaining such reports or scores and before the date on which the consumer enters into a loan agreement with the private educational lender1 a copy of any such reports or scores1 along with the statement described under subsection 7f77#b74 7#b7 ,costs ,none of the costs to the private educational lender associated with procuring consumer reports or credit scores under this subsection may be charged1 directly or indirectly1 to the consumer4 7#c7 ,rule of construction ,nothing in this subsection shall be construed to eliminate any requirement for creditors and lenders to provide credit score disclosures1 including the statement described under subsection 7f77#b71 to consumers as part of an adverse action or risk-based pricing notice4 4 #h4 ,requires motor vehicle lenders or indirect auto lenders to provide consumers with free copies of any consumer reports and credit scores that they used for underwriting before consumers sign lease or loan agreements ,section #fji of the ,fair ,credit ,reporting ,act 7#ae ,u4,s4,c4 #afha;g71 as amended by section #f1 is further amended by adding at the end the following new subsection3 7i7 ,disclosure of consumer reports and credit scores used by motor vehicle lenders or indirect auto lenders 7#a7 ,in general ,if a motor vehicle lender or indirect auto lender obtains a copy of any consumer reports or credit scores and uses such reports or scores in connection with an application of a consumer for a motor vehicle loan or lease1 the motor vehicle lender or indirect auto lender shall provide to the consumer a document1 separate from the consumer's lease or purchase agreement and before the consumer enters into a lease or purchase agreement1 disclosing any consumer reports and credit scores1 including the statement described in subsection 7f77#b71 used by the lender to determine whether to extend credit to the consumer4 7#b7 ,costs ,none of the costs to the motor vehicle lender or indirect auto lender associated with procuring consumer reports or credit scores under this subsection may be charged1 directly or indirectly1 to the consumer4 7#c7 ,rule of construction ,nothing in this subsection shall be construed to eliminate any requirement for creditors and lenders to provide credit score disclosures1 including the statement described under subsection 7f77#b71 to consumers as part of an adverse action or risk-based pricing notice4 7#d7 ,definitions 7,a7 ,indirect auto lender ,the term indirect auto lender has the meaning given the term by the ,bureau1 and shall include a person extending a loan made with respect to a car1 boat1 motorcycle1 recreational vehicle1 or other similar vehicle used primarily for personal or household purposes4 7,b7 ,motor vehicle lender ,the term motor vehicle lender has the meaning given the term by the ,board of ,governors of the ,federal ,reserve ,system1 and shall include a person extending a loan made with respect to a car1 boat1 motorcycle1 recreational vehicle1 or other similar vehicle used primarily for personal or household purposes4 4 #i4 ,requires residential mortgage lenders to provide consumers with free copies of any consumer reports and credit scores that they used for underwriting before consumers sign loan agreements ,section #fji7;g7 of the ,fair ,credit ,reporting ,act 7#ae ,u4,s4,c4 #afha;g7g77 is amended-- 7#a7 by redesignating paragraph 7#b7 as paragraph 7#e72 7#b7 in paragraph 7#a7-- 7,a7 by striking a consumer credit score and inserting any consumer reports or credit scores2 7,b7 by striking 1 as defined in subsection 7f712 7,c7 by striking the following to the consumer as soon as reasonably practicable3 and inserting 1 not later than #c business days after using such reports or scores1 a document disclosing any consumer reports and credit scores used by the lender to determine whether to extend credit to the consumer along with the statement described in subsection 7f77#b742 7,d7 by striking subparagraphs 7,a71 7,b71 7,c71 7,e71 and 7,f72 7,e7 by redesignating subparagraph 7,d7 as paragraph 7#c7 7and adjusting the margins accordingly72 and 7,f7 by redesignating subparagraph 7,g7 as paragraph 7#d7 7and adjusting the margins accordingly72 7#c7 by inserting before paragraph 7#c7 7as so redesignated7 the following new paragraph3 7#b7 ,rule of construction ,nothing in this subsection shall be construed to eliminate any requirement for lenders to provide credit score disclosures1 including the statement described under subsection 7f77#b71 to consumers as part of an adverse action or risk-based pricing notice4 2 7#d7 in paragraph 7#c7 7as so redesignated71 in the quoted material-- 7,a7 by inserting 1 free of charge1 after disclose to you2 and 7,b7 by striking affecting your credit scores and inserting affecting your credit score or scores2 7#e7 in paragraph 7#e7 7as so redesignated7 by inserting or scores after credit score each place such term appears2 and 7#f7 by adding at the end the following new paragraphs3 7#f7 ,actions not required ,this subsection shall not require any person to disclose any credit score or related information obtained by the person after a loan has closed4 7#g7 ,no procurement costs ,none of the costs to the creditor or lender associated with procuring any consumer reports or scores under this subsection may be charged1 directly or indirectly1 to the consumer4 4 #aj4 ,rulemaking ,not later than the end of the #b-year period beginning on the date of the enactment of this ,act1 the ,bureau of ,consumer ,financial ,protection shall issue final rules to implement the amendments made by this ,act4 ,november #ba1 #bjai ,reported with an amendment1 committed to the ,committee of the ,whole ,house on the ,state of the ,union1 and ordered to be printed