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LAWDOG Equal Credit Opportunity Act: Definitions & Exceptions


Judgmental System
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Section 202.2. Definitions.

For the purposes of this regulation, unless the context indicates otherwise, the following definitions apply.

(t) Judgmental system of evaluating applicants means any system for evaluating the creditworthiness of an applicant other than an empirically derived, demonstrably and statistically sound, credit scoring system.



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