---
kind: "section"
citation: "12 C.F.R. § 1254.2"
title: "12"
number: "1254.2"
heading: "Definitions."
url: "https://uscodex.org/cfr/12/1254.2"
---

# §1254.2. Definitions.


For purposes of this part, the following definitions apply. Definitions of other terms may be found in [12 CFR part 1201](/cfr/12/part1201.md), General Definitions Applying to All Federal Housing Finance Agency Regulations.

Credit 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.

Credit 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.

Credit score model developer means any person with ownership rights in the intellectual property of a credit score model.

Days means calendar days.

Mortgage means a residential mortgage as that term is defined at [12 U.S.C. 1451(h)](/usc/12/1451.md?p=h).

Person means an individual, sole proprietor, partnership, corporation, unincorporated association, trust, joint venture, pool, syndicate, organization, or other legal entity.


## Notes

### Authority

Authority: 12 U.S.C. 4511, 4513, 4526 and Sec. 310, Pub. L. 115-174, 132 Stat. 1296.

### Source

Source: 84 FR 41904, Aug. 16, 2019, unless otherwise noted.