Introduction to Mortgage Origination Examinations Training eBook

Internal Use Only

Risk Based Pricing Notice What to look for as an examiner:

• Was the disclosure provided to borrowers who, based on their credit report, receive material credit terms less favorable than better qualified borrowers? • Did the disclosure contain all required elements? • Was the content of the disclosure accurately based on the borrower’s credit report? NOTE: Determining which borrowers need to receive the notice requires in-depth comparisons of the types of terms offered by the person offering credit and to which borrowers.

Internal Use Only

Credit Score Disclosure Provided to borrowers as an alternative to providing the Risk Based Pricing Notice