NOTE

If an ownership code is not defined, it is defaulted to 1 (individual) for all borrowers.

0

Undesignated (Do not use on accounts opened after June 1977.)

Blank

1

Individual (This individual has contractual account responsibility for this account and is primarily responsible.)

1 - Owner

2

Joint contractual liability (Account for which both customer and joint borrower are contractually liable.)

2 - Co-owner

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 - Co-signer

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. ECOA Code Q is not a code recognized by the credit repositories or the CDIA. This code is used to tell CIM GOLD to exclude the borrower from being reported on a particular loan.  For example, if the loan has four borrowers and your institution only wants to report the credit history of the two primary borrowers, the remaining borrowers should be marked with ECOA Code Q. In the case of a trust or business entity, if you do not want the guarantors to be reported to the credit repositories, you should uncheck the Report to Credit Bureau field for the loan on the Loans > Account Information > Fees and Late Charges and Penalties screen, Late Fees tab.

T

Association with account terminated (This is used by the system for the sellers in an assumption (Loans > Loan Assumption screen).)

Undefined

W

Business/Commercial (Used to identify that the company reported in the name fields is contractually liable for the account.)

37, 40, 85

X

Consumer deceased

20 - Deceased

Z

Delete borrower (Note: Only inaccurately reported consumers should be deleted.)

Undefined

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