SACRAMENTO, Calif. - The state Senate has decisively passed, 31 to 1, a bill that would require Fair, Isaac credit score disclosures to people seeking loans on residential property.

The bill, sponsored by Sen. Liz Figueroa, a Democrat, would also require disclosure of the range of scores, clearly stated reasons for rejection, and information on how to contact the credit bureaus. In addition, it would allow consumers to purchase their credit scores with credit reports for an extra $4.

"California law currently gives consumers numerous rights and protections over the use of credit reports, but both state and federal law are silent about consumers' access to their own credit score," said Sen. Figueroa. "Homebuyers have a fundamental right to know what their score is and how their loan applications are being evaluated."

The bill is co-sponsored by 16 state legislators and has the support of the California Association of Realtors and Consumers Union. After the Senate vote last week, the bill moved to the Assembly for further consideration.

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