Automated Merged Credit Reports

An automated merged credit report combines the in-file credit reports from multiple repositories into a single report. A joint merged credit report includes all credit repository credit data on more than one individual applicant.

The report must meet the following requirements:

• The report must include all information from three different credit repositories, or two repositories, if:

• that is the extent of the data available for the borrower, or

• the borrower’s credit information is frozen at one credit repository.

• If information from only one credit repository is available, this is acceptable if the originator is able to obtain a credit score for the borrower and the originator requested information from three different credit repositories.

• The report cannot be provided by a credit reporting agency that is affiliated with the orignatonr in any way.

• The report must include all information reported for the borrower from the in-file credit reports.

• The report must identify the repositories that were used for the in-file credit reports.

• The report does not have to repeat duplicate information that is in in-file credit reports. However, if duplicate information is not exactly the same on each report, the automated merged report must either repeat the information or include the most derogatory of the duplicate information that pertains to payment history and/or current payment status.