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 | Loan Accounts | Credit Line Accounts |
|---|---|---|
| Account Number | Complete and unique account number from your file for both portfolio types. Keep consistent, don't reuse for different accounts. Use Change button in M2R if number needs updating. | |
| Portfolio | I – Installment | C - Line of Credit |
| Account Type | 00 – 06, 10, 11, 13, 17, 20, 90, 91, 95, 0A, 3A, 6A, 9A, 7B, 0F | 15, 43, 47, 7A, 9B |
| Date Opened | Date account was purchased by debt buyer or placed/assigned with third-party collection agency. | When reporting returned checks, provide the date the check was written. |
| Credit Limit | Zero Fill | Assigned credit limit |
| Highest Credit/Original Amount | Original amount of the loan, excluding interest payments | Highest amount of credit utilized by the consumer |
| Terms Duration | Number of months of the loan | Fixed value of 'LOC' |
| Account Status | 11, 13, 61 – 64, 71, 78, 80, 82 – 84, 93, 95 – 97, DA, DF | 11, 13, 62, 64, 71, 78, 80, 82 – 84, 93, 97, DA, DF |
| Special Comment |
Closed accounts = I, Leasing = BB – BK, BS (Require Account Type Code 13 or 3A), Legal Action = AM, Refinanced = AS, Sold = AH Special Payment Arrangements = B, C, AB, AC, AI, AO, AU, AX, BN, BP, BT, CP Transferred = H, O, AN, AT, BA Other = S, V, AV, AW, AZ, CH, CM, CN, CO Removal of comment = blank |
Closed accounts = M, AP, CI, CJ, CL, Legal Action = AM, Refinanced = AS, Sold = AH Special Payment Arrangements = B, C, AB, AC, AI, AU, AX, BP, BT, CP Transferred = O, AN, AT, BA Other = S, V, AV, AW, CH, CK, CM, CN, CO Removal of comment = blank |
| Compliance Condition | XB (Under investigation) • XC (Consumer disagrees) • XH (Investigation completed) • XR (Remove code). FDCPA and FCRA dispute handling. XB must be removed/changed after investigation completion (except FDCPA per policy). XR removes most recent code. | |
| Current Balance | Current balance as of reporting date. May include fees/interest per law. Decrease with payments. | |
| Date of Last Payment | Date most recent payment received by debt buyer or collection agency as of reporting date. | |
| Actual Payment Amount | Dollar amount of payment received for reporting period. Whole dollars only (M2R rounds cents). Total multiple payments if received in same period. | |
| Amount Past Due | Amount past due as of reporting date. May include fees/interest per law. Decrease with payments. | |
| Consumer Address | Full address from original creditor or newer known address. If unknown, use last known address with Address Indicator 'N'. Skip-traced addresses only when confirmed. | |
| Consumer Identifiers | Full name, address, SSN, DOB. Report for legally liable consumers only. DOB required for newly-added authorized users. | |
| ECOA Code | 1 (Individual) • 2 (Joint) • 5 (Co-maker/Guarantor) • 7 (Maker) • T (Terminated) • X (Deceased) • W (Business) • Z (Delete Consumer) Note: 3 (Authorized User) is not applicable. |
1 (Individual) • 2 (Joint) • 3 (Authorized User) • 5 (Co-maker/Guarantor) • 7 (Maker) • T (Terminated) • X (Deceased) • W (Business) • Z (Delete Consumer) |