source:
  type: regulation
  id: reg-v-1022.1
  authority: 12 CFR §1022.1 — Purpose, scope, and model forms and disclosures (Regulation
    V)
  description: 12 CFR §1022.1 — Purpose, scope, and model forms and disclosures.
  coverage_tier: context
obligations:
- id: reg-v-1022.1-full
  canonical_id: reg-v-1022.1-full
  section: 12 CFR §1022.1 — Purpose, scope, and model forms and disclosures
  type: reference
  tags:
  - regulator-direct
  - fcra
  - corpus-expansion
  - tier-context
  primary_source:
    tier: 1
    authority: 12 CFR §1022.1 — Purpose, scope, and model forms and disclosures (Regulation
      V)
    source_class: cfpb-regulation
    source_url: https://www.law.cornell.edu/cfr/text/12/1022.1
    snapshot_id: 855ee7f275eca19c
    fetched_at: '2026-06-17T20:38:43Z'
    content_hash: sha256:377cd871706989788dffb05eeda1e7247cfe676d6ee07d3a9882a7e7fbec3213
    paragraph_quote: § 1022.1 Purpose, scope , and model forms and disclosures. (a)
      Purpose. The purpose of this part is to implement the Fair Credit Reporting
      Act (FCRA). This part generally applies to persons that obtain and use information
      about consumers to determine the consumer 's eligibility for products, services,
      or employment, share such information among affiliates, and furnish information
      to consumer reporting agencies. (b) Scope. (1) [Reserved] (2) Institutions covered.
      (i) Except as otherwise provided in this part, this part applies to any person
      subject to the FCRA except for a person excluded from coverage of this part
      by section 1029 of the Consumer Financial Protection Act of 2010 , title X of
      the Dodd-Frank Wall Street Reform and Consumer Protection Act , Public Law 111-203
      , 124 Stat. 1376 . (ii) For purposes of appendix B to this part, financial institutions
      as defined in section 509 of the Gramm-Leach-Bliley Act ( 12 U.S.C. 6809 ),
      may use the model notices in appendix B to this part to comply with the notice
      requirement in section 623(a)(7) of the FCRA ( 15 U.S.C. 1681s-2(a)(7) ). (c)
      Model forms and disclosures —(1) Use. Appendices D, H, I, K, L, M, and N contain
      model forms and disclosures. These appendices carry out the directive in FCRA
      that the Bureau prescribe such model forms and disclosures. Use or distribution
      of these model forms and disclosures, or substantially similar forms and disclosures,
      will constitute compliance with any section or subsection of the FCRA requiring
      that such forms and disclosures be used by or supplied to any person . (2) Definition.
      Substantially similar means that all information in the Bureau's prescribed
      model is included in the document that is distributed, and that the document
      distributed is formatted in a way consistent with the format prescribed by the
      Bureau. The document that is distributed shall not include anything that interferes
      with, detracts from, or otherwise undermines the information contained in the
      Bureau's prescribed model. Until January 1, 2013, the model forms in appendices
      B, E, F, G, and H to 16 CFR part 698 , as those appendices existed as of October
      1, 2011, are deemed substantially similar to the corresponding model forms in
      appendices H, I, K, M, and N to this part, and the model forms in appendix H
      to 12 CFR part 222 , as that appendix existed as of October 1, 2011, are deemed
      substantially similar to the corresponding model forms in appendix H to this
      part. Fair Credit Reporting Act Consumer Financial Protection Act of 2010 Dodd-Frank
      Wall Street Reform and Consumer Protection Act Gramm-Leach-Bliley Act
  judgment: false
