These guidelines are specific to your industry and should be used in conjunction with specifications in the Metro 2® Format. The information below describes fields that require specific values. All other applicable Metro 2® fields should be reported for each account.
| M2R Program Field | What to Report | Notes |
|---|---|---|
| Account Number | Complete and unique account number from your file. | Keep consistent, don't reuse for different accounts. Use Change button in M2R if number needs updating. |
| Portfolio | I – Installment | Account Type 00 (Auto) and 3A (Auto Lease) are reported as Installment Loans. |
| Account Type | 00 (Auto) and 3A (Auto Lease) | Pick one per account. |
| Interest Type Indicator | F (Fixed) or V (Variable) | Pick one per account. |
| Date Opened | Report the date the account was originally opened. | Retain the original Date Opened regardless of future activity, such as transfer, refinance, repossession, etc. |
| Date Closed | Date the account was closed. | Date the account was paid in full or closed to further purchases/use, transferred or sold. Leave blank if account is still active |
| Original Charge Off | The original amount charged to loss. | Report the original amount charged to loss when using Account Status Codes 64 and 97, regardless of the declining balance. If payments are received from the consumer, report the outstanding balance in the Current Balance and Amount Past Due fields. |
| Highest Credit/Original Amount | Original amount of the loan excluding interest payments | Include the initial down payment amount if that is how the loan is structured. Otherwise, do not include the initial down payment in the Original Loan Amount (exclude fees/interest). |
| Current Balance | Current balance as of reporting date | The Current Balance should contain the principal balance as well as applicable interest, late charges, fees, that are due during the current reporting period. The Current Balance may exceed the Original Loan Amount. The Current Balance should not include future interest or fees. |
| Account Status | 11, 13, 61 – 64, 71, 78, 80, 82 – 84, 93, 95 – 97, DA, DF | Note: DA & DF will delete consumer account from the credit bureau |
| Terms Frequency | Frequency for payments due | If needed refer to definitions of the Terms Frequency Codes. |
| Terms Duration | Number of months of the loan | If needed refer to calculations necessary to convert Terms Duration to monthly values. Round up if the result of the calculation is in between two values; e.g., 6 week obligation, report Terms Duration 002. |
| Date of Account Information (Billing Date) | Date of current month's reporting period. | All account information, such as Account Status and Current Balance, must be reported as of this date. |
| Date of Last Payment | Date most recent payment received | Report the date the most recent payment was received, whether full or partial payment is made. If a payment has never been received, leave blank. |
| Scheduled Payment | Scheduled monthly payment due | Report monthly payment due for current reporting period, whether principal, interest only or a combination of the two. When the account is paid in full enter 0. |
| Actual Payment Amount (Last Payment Amount) | Dollar amount of payment received for reporting period | If multiple payments are made during the reporting period, the total amount should be reported. |
| Amount Past Due | Amount past due as of reporting date | May include fees/interest per law. Decrease with payments. |
| Payment Rating | Code that identifies if account was current, past due, in collections or charged off | Only use if Account Status is 13, 65, 88, 89, 94 or 95, this field must also be reported. |
| Date of First Delinquency (DOFD) | The date in the Date of First Delinquency field must be determined each reporting period | See reference for Date of First Delinquency |
| Special Comment | Use with Account Status and Payment Rating Codes for additional clarification | See reference for Special Comment Codes |
| Compliance Condition | Allows the reporting of a condition that is required for legal compliance. | Compliance Condition Codes are used to reflect accounts closed at consumer's request, and consumer disputes under the FCBA, the FDCPA, or the direct dispute provisions of the FCRA and its implementing rules. See reference for Compliance Condition Codes |
| Customer Tab | Full name, address, SSN, DOB | Report for legally liable consumers only. DOB required for newly-added authorized users. |
| Consumer Address | Full address | If unknown, use last known address with Address Indicator 'N'. Skip-traced addresses only when confirmed. |
| ECOA Code | 1 (Individual) • 2 (Joint) • 5 (Co-maker/Guarantor) • 7 (Maker) • T (Terminated) • X (Deceased) • W (Business) • Z (Delete Consumer) | Use Z to delete inaccurate consumers or deceased when no other liable consumer remains. X requires legally-sufficient death notice. |
| Joint Customer Tab | If applicable - Full name, address, SSN, DOB | Report for legally liable consumers only. DOB required for newly-added authorized users. |
| Joint Consumer Address | If applicable - Full address | If unknown, use last known address with Address Indicator 'N'. Skip-traced addresses only when confirmed. |
| Joint ECOA Code | If applicable - 2 (Joint) • 3 (Authorized User) • 5 (Co-maker/Guarantor) • T (Terminated) • X (Deceased) • Z (Delete Consumer) | Use Z to delete inaccurate consumers or deceased when no other liable consumer remains. X requires legally-sufficient death notice. |