2011/01/19 Council Agenda Packet

10 B.I. STANDARD INFORMATION SERVICES INFORMATION The following are descriptions of core services provided by Equifax("Standard Information Services")and additional terms and conditions applicable to such Standard Information Services. (1) ACROFILE and ACROFILE Plus - are the core (6) Consumer Telephone Number Service—is an optional consumer reports from the Equifax consumer credit feature which allows published consumer telephone database, consisting of identification information, credit file numbers to be displayed on the consumer report. inquiries, public record information and credit account trade lines of the subject of the report. Client may access these (7) Credit*Hi-Lite -is a merged in-file consumer report that credit reports on an individual basis or through Joint File enables Client to separate low risk from higher risk Access, which provides simultaneous access to the credit applicants at the start of the mortgage loan decision- files of both husband and wife with a single inquiry. making process with information merged from one or more credit repositories. Optional risk management tools using (2) ACRO Select — provides a summary output of the Equifax risk-scoring models (i.e. BEACONsM) and fraud ACROFILE or ACROFILE Plus consumer report when no prevention services (i.e. SAFESCANO) are available with adverse elements are present in the credit file, and a full this service. consumer report when adverse elements are present. (7.1) Edited Credit*Hi-Lite — is a service that allows (3) Address Variance Indicator— is an ancillary service to one or more of the items from the Credit*Hi-Lite report ACROFILE, ACROFILE Plus and FINDERS that provides or from the mortgage application to be updated or an indicator to alert Clients of the variations between inquiry added to the merged in-file. address(es) and the address(es) appearing on the credit file. (8) Equifax Decision Power Service - is a consumer reporting service that enables the credit grantor to select and (4) ARDT — is a service that provides consumer report evaluate elements from the Equifax consumer credit information consisting of creditors' and inquirers' names, database for use in risk assessment and cross-selling addresses and current phone numbers. opportunities. (5) Business Principal Report—are consumer reports from Criteria Application Audits. Prior to the Client the Equifax consumer credit database consisting of implementation, Equifax will install the Client application identification information, credit file inquiries, public record into the user acceptance testing region and conduct testing information and credit account trade lines of individuals of Client's application specific to Client's specifications. associated with Client's commercial customers. That testing will be conducted using Equifax's standard Quality Assurance procedures. During this time, the (A) FCRA Certification. Client certifies that it will application will be ,available for Client's review and order Business Principal Reports, which are consumer approval, subject to its own user acceptance testing reports,as defined by the FCRA,only when Client intends to procedures. After, Client approval is received, the Client's use the consumer report for one of the following FCRA application will be implemented into production. permissible purposes: (a)where the business principal is not (8.1) Equifax Decision Power - is a service that includes personally obligated (for example, as a shareholder, director or an officer of the subject company), then in accordance various credit related information services provided by with the written instructions of the consumer to whom the Equifax to Client by Voice Response Unit, Direct Access report relates;or(b)where the subject principal is personally Terminal,System-to-System,or the Internet. obligated (for example, as the sole proprietor, a co-signer or General Terms. Upon mutual agreement of Client and a personal guarantor of the credit obligation), then (i) in Equifax, Equifax may access information from sources connection with a credit transaction involving the consumer other than Equifax or its Affiliates. Equifax will have no on whom the consumer report is to be furnished and liability in any regard for any other source's information, or involving the extension of credit to, or review or collection of for any part of the Service that is based on that information. an account of, the consumer; (ii) in connection with the Client will obtain direct service agreements with other underwriting of insurance involving the consumer; (iii) as a information sources entitling Client to receive and use their potential investor or servicer, or current insurer, in information as part of the Service, and specifying the prices connection with a valuation of,or an assessment of the credit Client will pay those sources for their information. Equifax or prepayment risks associated .with, an existing credit will bill Client monthly for the Service in accordance with obligation; or (iv) when Client otherwise has a legitimate the rates set forth in Exhibit "C" and Client will pay to business need for the information either in connection with a Equifax an amount equal to either the aggregate business transaction that is initiated by the consumer, or to transaction costs or the monthly minimum, which ever is review an account to determine whether the consumer greater. continues to meet the terms of the account. Client will use each consumer report ordered from Equifax for one of the Set-up Charge. Promptly after execution of this foregoing purposes and for no other purpose. Agreement, Equifax will bill Client for a non-refundable set- up charge as set forth on Exhibit "C" for programming of Client's initial decision criteria and for any other custom development. Equifax will program additional sets of Standard Agreement for Service—On Line Services Only LRD 4/29/49°0 9 #43064v17