Title 12 — Banks and Banking
Part B · Chapter 46 — Government Sponsored Enterprises
§ 4548. Regulations for use of credit scores
Statutory text
The Director shall—
by regulation, establish standards and criteria for any process used by an enterprise to validate and approve credit scoring models pursuant to section 1717(b)(7) of this title and section 1454(d) of this title; and
ensure that any credit scoring model that is validated and approved by an enterprise under section 1717(b)(7) of this title or section 1454(d) of this title meets the requirements of clauses (i), (ii), and (iii) of section 1717(b)(7)(C) of this title and subparagraphs (A), (B), and (C) of section 1454(d) of this title, respectively.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Federal Housing Enterprises Financial Safety and Soundness Act of 1992
Pub. L. 102–550 title XIII § 1328 · 106 Stat. 3672
Enacted · 12 U.S.C. § 4548
(Pub. L. 102–550, title XIII, § 1328, as added Pub. L. 115–174, title III, § 310(c), May 24, 2018, 132 Stat. 1355.)
Source evidence
Code source credit
(Pub. L. 102–550, title XIII, § 1328, as added Pub. L. 115–174, title III, § 310(c), May 24, 2018, 132 Stat. 1355.)Enacted provision · exact public law section
SEC. 1328. REPORTS BY SECRETARY. (a) Annual Report.— The Secretary shall, not later than June 30 of each year, submit a report to the Committee on Banking, Finance and Urban Affairs of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate on the activities of each enterprise. (b) Views on Budget and Financial Plans of Enterprises.— On an annual basis, the Secretary shall provide the Committees referred to in subsection (a) with comments on the plans, forecasts, and reports required under section 1316(g).
1 of 1 references resolved to an enrolled provision
Editorial Notes
Prior Provisions
A prior section 4548, Pub. L. 102–550, title XIII, § 1328, , 106 Stat. 3956; Pub. L. 110–289, div. A, title I, § 1122(a)(1), , 122 Stat. 2689, related to required annual reports, prior to repeal by Pub. L. 110–289, div. A , title I, § 1104(b), , 122 Stat. 2667.
Credits
(Pub. L. 102–550, title XIII, § 1328, as added Pub. L. 115–174, title III, § 310(c), , 132 Stat. 1355.)