What must be included in the notice to home loan applicants regarding credit scores?

The inclusion of key factors affecting the credit score in the notice to home loan applicants is essential because it provides consumers with crucial information that can influence their creditworthiness and, consequently, their ability to secure a loan. Understanding these key factors allows applicants to be aware of what aspects of their financial behavior can positively or negatively impact their credit score. This transparency is beneficial for borrowers attempting to improve their credit profile before applying for a home loan.

In contrast, other options do not address the required components of the notice. A summary of previous loans may offer some context regarding an applicant's borrowing history, but it does not inform them about their current credit standing or actionable insights into improving their credit score. The applicant's credit score history is also not relevant to the notice, as it focuses on the current score and is not a key factor affecting future loan applications. Lastly, a list of all available loans may provide useful information about lending options, but it does not pertain to the applicant’s credit score or the specific factors that could impact it. Therefore, the correct choice highlights the relevance of understanding credit scores in the lending process.