{"data":{"id":"us/12-cfr-1254.2","jurisdiction":"us","citation":"12 CFR 1254.2","heading":"Definitions.","body":"For purposes of this part, the following definitions apply. Definitions of other terms may be found in 12 CFR part 1201, General Definitions Applying to All Federal Housing Finance Agency Regulations.\nCredit score means a numerical value or a categorization created by a third party derived from a statistical tool or modeling system used by a person who makes or arranges a loan to predict the likelihood of certain credit behaviors, including default.\nCredit score model means a statistical tool or algorithm created by a third party used to produce a numerical value or categorization to predict the likelihood of certain credit behaviors.\nCredit score model developer means any person with ownership rights in the intellectual property of a credit score model.\nDays means calendar days.\nMortgage means a residential mortgage as that term is defined at 12 U.S.C. 1451(h).\nPerson means an individual, sole proprietor, partnership, corporation, unincorporated association, trust, joint venture, pool, syndicate, organization, or other legal entity.","path":["Title 12—Banks and Banking","CHAPTER XII—FEDERAL HOUSING FINANCE AGENCY","SUBCHAPTER C—ENTERPRISES","PART 1254—VALIDATION AND APPROVAL OF CREDIT SCORE MODELS"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-12.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:16Z","sha256":"486fad2ef96a963b8aa7cb7bd8c6cb1f2537bddcd2d9b0008882aade35b79a7a","source_id":"us-cfr","stale":true,"prev":"us/12-cfr-1254.1","next":"us/12-cfr-1254.3"},"notice":"GroundRules: Original legal text. Not legal advice."}