reports and credit scores 601. Credit score and educational credit score definitions (a) In general Section 603 of the Fair Credit Reporting Act ( 15 U.S.C. 1681a ), as amended by section 302, is further amended by adding at the end the following new subsection: (aa) Credit score and educational credit score definitions (1) Credit score The term credit score means a numerical value or a categorization derived from a statistical tool or modeling system used by a person who makes or arranges a loan or extends credit to predict the likelihood of certain credit behaviors, including default, as determined by the Bureau. (2) Educational credit score The term educational credit score means a numerical value or categorization derived from a statistical tool or modeling system based upon information from a consumer report that assists consumers in understanding how a lender or creditor may view the consumer’s creditworthiness in deciding whether to make a loan or extend credit to that consumer. (3) Key factors The term key factors means relevant elements or reasons affecting the credit score for the particular individual, listed in the order of importance based on the effect of each element or reason on the credit score or educational credit score. (4) Credit scoring model The term credit scoring model means a scoring algorithm, formula, model, program, or mechanism used to generate a credit score or an educational credit score. . (b) Conforming amendments The Fair Credit Reporting Act ( 15 U.S.C. 1681 et seq.) is amended— (1) in section 605(c)(2) (as so redesignated by section 103), by striking (as defined in section 609(f)(2)(B))