Common use of Audit of Models Clause in Contracts

Audit of Models. Subscriber may audit a sample of the Scores and principal factors and compare them to the anonymous underlying credit reports in accordance with Equifax’s audit procedures. If the Scores and principal reasons are not substantiated by the credit files provided for the audit, Equifax will review programming of the model and make corrections as necessary until the Scores and principal reasons are substantiated by the audit sample credit reports. After that review and approval, Subscriber will be deemed to have accepted the resulting Score and principal factors delivered. It is Subscriber’s sole responsibility to validate all scoring models on its own records and performance.

Audit of Models. Subscriber Customer may audit a sample of the Scores and principal factors and compare them to the anonymous underlying credit reports in accordance with Equifax’s 's audit procedures. If the Scores and principal reasons are not substantiated by the credit files provided for the audit, Equifax will review programming of the model and make corrections as necessary until the Scores and principal reasons are substantiated by the audit sample credit reports. After that review and approval, Subscriber Customer will be deemed to have accepted the resulting Score and principal factors delivered. It is Subscriber’s Xxxxxxxx's sole responsibility to validate all scoring models on its own records and performance.

Audit of Models. Subscriber Client may audit a sample of the Scores and principal factors and compare them to the anonymous underlying credit reports in accordance with Equifax’s audit procedures. If the Scores and principal reasons are not substantiated by the credit files provided for the audit, Equifax will review programming of the model and make corrections as necessary until the Scores and principal reasons are substantiated by the audit sample credit reports. After that review and approval, Subscriber Client will be deemed to have accepted the resulting Score and principal factors delivered. It is SubscriberClient’s sole responsibility to validate all scoring models on its own records and performance.