Credit Bureau Report and Transmission (FPSRP293) |
  
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Credit Bureau Report and Transmission (FPSRP293) |
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The Credit Reporting Report (FPSRP293) will process on the 3rd (test report) and 9th (final reporting) business days of the month during the afterhours. This report will show the accounts that will be reported to the credit repositories. This report displays the name of each individual connected to the account. The account status and account type are also displayed. The credit report will list any exceptions (listed below) to allow opportunity for correction to the account.
If an account has a warning message, the account and its information will be reported to the credit reporting agencies. (The information being sent might need further clarification.) If an account has an error message, the account information will not be sent to the credit reporting agencies.
Both the test and final reports are available to be stored on hard copy and/or GOLDView (determined by your institution).
The messages that may appear on the Credit Reporting Report are as follows:
Warning Special Comment code needed.
Warning Consumer Information code needed.
Warning Term of Loan is zero. 360 default used.
Date opened invalid. Error.
Warning Principal Balance is greater than 125% or OB.
Name and address record is not on file. Error.
Hold code 71 on this account. Not reported.
Bad loan DT Delinquency date calculation. Error.
No name found for principal borrower. Error.
Account missing CIS information. Error.
Acct is a contract collection. Error.
Action code 94 and date required. Error.
Invalid due date, must not equal zero. Error.
Settled account must payoff to report. Error.
Warning Problem with CIS, a co-borrower went unreported.
Action Code 194 expected not found/not reported. Error.
2-Year Credit Profile Field (BUPMPF)
Code |
Description |
|---|---|
0 |
Payments not past due (current) |
1 |
30-59 days past due date |
2 |
60-89 days past due date |
3 |
90-119 days past due date |
4 |
120-149 days past due date |
5 |
150-179 days past due date |
6 |
180 or more days past due date |
B |
No payment history prior to this time (New loans can show this.) |
D |
No payment history available prior to this time (Converting loans can have this.) |
E |
Zero balance and current account (zero balance payment method 5 loans) |
G |
Collection |
H |
Foreclosure |
J |
Voluntary surrender |
K |
Repossession |
L |
Charge-off |
Special Comment* Field (BUSPCM)
Code |
Description |
|---|---|
Blank |
Removes any previously reported special comment codes |
B |
Account payments managed by Credit Counseling Service |
C |
Paid by co-maker |
H |
Loan assumed by another party (requires ECOA code "T") |
I |
Election of remedy (Example: A car is repossessed, but the value of the car is less than the balance due. The credit grantor must consider the account paid and cannot collect the difference in the amounts.) |
M |
Account closed at credit grantor’s request |
O |
Account transferred to another lender |
S |
Special handling (contact credit grantor for additional information) |
V |
Adjustment pending |
AB |
Debt being paid through insurance |
AC |
Paying under a partial payment agreement |
AG |
Simple interest loan |
AH |
Purchased by another lender |
AI |
Recalled to active military duty |
AJ |
Payroll deduction |
AL |
Student loan permanently assigned to government |
AM |
Account payments assured by wage garnishment |
AN |
Account acquired by RTC/FDIC |
AO |
Voluntarily surrendered - then redeemed |
AP |
Credit line suspended |
AS |
Account closed due to refinance |
AT |
Account closed due to transfer |
AU |
Account paid in full for less than the full balance |
AV |
First payment never received |
AW |
Affected by natural disaster |
AX |
Account paid from collateral |
AZ |
Redeemed repossession |
BA |
Transferred to recovery |
BL |
Credit card stolen |
BN |
Paid by company that originally sold the merchandise |
BO |
Foreclosure proceedings started |
BP |
Paid through insurance |
BS |
Prepaid lease |
BT |
Principal deferred/Interest payment only |
CJ |
Credit line no longer available - in repayment phase |
CK |
Credit line reduced due to collateral depreciation |
CL |
Credit line suspended due to collateral depreciation |
CM |
Collateral released by creditor / Balance owing (The account status code should not be 13 or 61-65 and the current balance should not be zero.) |
CN |
Loan modified under a federal government plan |
CO |
Loan modified - not under a federal government plan |
Compliance Code* Field (BUCMCD)
Code |
Description |
|---|---|
Blank |
No information for this account |
XA |
Account closed at consumer’s request |
XB |
Account information disputed by consumer (meets requirements of the Fair Credit Reporting Act (FRCA)) |
XC |
Completed investigation of dispute - consumer disagrees |
XD |
Account closed at the consumer’s request and account is in dispute under FCRA |
XE |
Account closed at consumer’s request and dispute investigation completed, consumer disagrees |
XF |
Account in dispute under Fair Credit Billing Act (FCBA) |
XG |
FCBA dispute resolved - consumer disagrees |
XH |
Account previously in dispute - now resolved, reported by credit grantor |
XJ |
Account closed at consumer’s request and in dispute under FCBA |
XR |
Removes the most recently reported compliance condition code |
Consumer Information* Field (BUCIID)
Code |
Description |
|---|---|
Blank |
No information for this account |
A |
Petition for Chapter 7 Bankruptcy |
B |
Petition for Chapter 11 Bankruptcy |
C |
Petition for Chapter 12 Bankruptcy |
D |
Petition for Chapter 13 Bankruptcy |
E |
Discharged through Bankruptcy Chapter 7 |
F |
Discharged through Bankruptcy Chapter 11 |
G |
Discharged through Bankruptcy Chapter 12 |
H |
Discharged through Bankruptcy Chapter 13 |
I |
Chapter 7 Bankruptcy Dismissed |
IA |
Personal Receivership |
J |
Chapter 11 Bankruptcy Dismissed |
K |
Chapter 12 Bankruptcy Dismissed |
L |
Chapter 13 Bankruptcy Dismissed |
M |
Chapter 7 Bankruptcy Withdrawn |
N |
Chapter 11 Bankruptcy Withdrawn |
O |
Chapter 12 Bankruptcy Withdrawn |
P |
Chapter 13 Bankruptcy Withdrawn |
Q |
Removes Bankruptcy Indicator Previously Reported |
R |
Reaffirmation of Debt |
S |
Removes Reaffirmation of Debt Indicator Previously Reported |
T |
Credit grantor cannot locate consumer |
U |
Consumer now located |
V |
Chapter 7 Reaffirmation of Debt Rescinded |
W |
Obsolete Chapter 11 Reaffirmation of Debt Rescinded |
X |
Obsolete Chapter 12 Reaffirmation of Debt Rescinded |
Y |
Obsolete Chapter 13 Reaffirmation of Debt Rescinded |
Z |
Undesignated Chapter |
2A |
Lease Assumption |
ECOA Code |
Description |
CIS Ownership Code |
|---|---|---|
0 |
Undesignated - (Do not use on accounts opened after June 1977.) |
Blank |
1 |
Individual - (This individual has contractual responsibility for this account and is primarily responsible.) |
1 |
2 |
Joint Contractual Liability - (Account for which both customer and joint borrower are contractually liable.) |
2 |
3 |
Authorized User - (This individual is an authorized user of this account; another individual has contractual responsibility.) |
5-19 |
5 |
Co-maker or Guarantor- (Account for which the subject is the co-maker or guarantor and becomes liable if the maker defaults; no spousal relationship.) |
4 |
7 |
Maker - (Account for which subject is liable but a co-maker is liable if maker defaults.) |
Undefined |
Q |
Excludes borrower from credit reporting on this account. |
|
T |
Association with account terminated. This is used by the system for the sellers in an assumption in function 61, sub-function 4. |
Undefined |
W |
Business/Commercial (Used to identify that the company reported in the name fields is contractually liable for the account.) |
Undefined |
X |
Consumer deceased. |
20 |
Z |
Delete borrower. (Note: Only inaccurately reported consumers should be deleted.) |
Undefined |
CIS Ownership Code |
ECOA Code |
|---|---|
Blank |
0 - Undesignated |
1 - Account owner |
1 - Individual (no co-borrowers) |
2 - Account co-owner |
2 - Joint contractual liability |
4 - Co-signer |
5 - Co-Maker |
5 - Trustee |
3 - Authorized (no contractual liability, has access) |
6 - Beneficiary |
3 - Authorized (no contractual liability, has access) |
7 - Estate |
3 - Authorized (no contractual liability, has access) |
8 - Administrator |
3 - Authorized (no contractual liability, has access) |
9 - Conservator |
3 - Authorized (no contractual liability, has access) |
10 - Custodian |
3 - Authorized (no contractual liability, has access) |
11 - Minor |
3 - Authorized (no contractual liability, has access) |
12 - Executor |
3 - Authorized (no contractual liability, has access) |
13 - Guardian |
3 - Authorized (no contractual liability, has access) |
14 - Personal representative |
3 - Authorized (no contractual liability, has access) |
15 - Agent |
3 - Authorized (no contractual liability, has access) |
16 - Power of attorney |
3 - Authorized (no contractual liability, has access) |
17 - JC agent |
3 - Authorized (no contractual liability, has access) |
18 - Grantor |
3 - Authorized (no contractual liability, has access) |
19 - Successor trustee |
3 - Authorized (no contractual liability, has access) |
20 - Deceased |
X - |
22 - Ward, Authorized User |
3 - Authorized (no contractual liability, has access) |
26 - Co-trustee |
2 - Joint contractual liability |
37 - Corporation |
W - Business/Commercial |
40 - Partnership |
W - Business/Commercial |
57 - Sole Proprietor |
1 - Individual (no co-borrowers) |
84 - Guarantor |
2 - Joint contractual liability |
85 - LLC (Limited Liability Co.) |
W - Business/Commercial |