|
Payment Record Codes |
| Loan Type |
MN |
IN |
RV |
UN |
| Too new to rate. Approved but unused |
O0 |
I0 |
R0 |
U0 |
| Pays (or paid) within 30 days. Pays as agreed |
O1 |
I1 |
R1 |
U1 |
| Pays (or paid) in more than 30 but less than 60 days |
02 |
I2 |
R2 |
U2 |
| Pays (or paid) in more than 60 but less than 90 days |
O3 |
I3 |
R3 |
U3 |
| Pays (or paid) in more than 90 but less than 120 days |
O4 |
I4 |
R4 |
U4 |
| Account at least 120 days overdue, yet to go to collection |
O5 |
I5 |
R5 |
U5 |
| Wage earner plan or similar payment agreement |
O7 |
I7 |
R7 |
U7 |
| Repossession |
O8 |
I8 |
R8 |
U8 |
| Bad debt, placed for collection, skip |
O9 |
I9 |
R9 |
U9 |
|
Equal Credit Opportunity Act (ECOA)
Codes and Definitions |
|
Undesignated-O
Individual's association with this account is unknown |
Individual -1
Individual has contractual responsibility for this account |
|
Joint Account-Contractual Responsibility-2
Individual has contractual responsibility for this account. There may be
others who also have contractual responsibility for this account. |
Joint Account- Authorized User-3
Individual is only authorized to use this account. Someone else has
contractual responsibility. |
|
Joint Account-Participant-4
Creditor/repository is unable to distinguish between Joint
Account-Contractual Responsibility or Joint Account-Authorized User. |
Co-Signer-5
Individual has co-signed for this account and becomes liable if signer
defaults. |
|
On Behalf Of-6
Individual has signed to secure credit for another individual other than
spouse and becomes liable if the other individual defaults. |
Signer-7
Individual is responsible for this account, guaranteed by a co-signer. |
|
No Longer Involved -8
Individual is no longer involved in this account. |
|
