; and (B) has an insufficient credit history for a lender or the Secretary to determine the creditworthiness of the individual. (3) Alternative credit scoring information Alternative credit scoring information described in paragraph (1)(A) may include proof of rent, utility, and insurance payment histories, and such other information as the Secretary considers appropriate. (b) Voluntary participation (1) In general The Secretary shall ensure that any participation in the pilot program is voluntary on an opt-in basis for a lender, a borrower, and an individual described in subsection (a)(2). (2) Notice of participation Subject to paragraph (3), any lender who participates in the pilot program shall— (A) notify each individual described in subsection (a)(2) who, during the pilot program, applies for a loan under chapter 37 of title 38, United States Code, from such lender, of the lender’s participation in the pilot program; and (B) offer such individual the opportunity to participate in the pilot program. (3) Limitation (A) In general The Secretary may establish a limitation on the number of individuals and lenders that may participate in the pilot program. (B) Report If the Secretary limits participation in the pilot program under subparagraph (A), the Secretary shall, not later than 15 days after establishing such limitation, submit to Congress a report setting forth the reasons for establishing such limitation. (c) Approval of credit scoring models (1) In general A lender participating in the pilot program may not use a credit scoring model under subsection (a)(1)(A) until the Secretary has reviewed and approved such credit scoring model for purposes of the pilot program. (2) Publication of criteria The Secretary shall publish in the Federal Register any criteria established under subsection (a)(1)(B) for acceptable commercially available credit scoring models that use alternative credit scoring information described in subsection (a)(1)(A) to be used for purposes of the pilot program. (3) Considerations