CARES Act Reporting Guidelines For Consumers Affected by Covid-19
The following information is provided to assist you with reporting in accordance with the CARES Act. We are providing this material for guidance in Metro 2® reporting. This is not legal advice. You should review your company's reporting policies with your legal and compliance teams. For more information on these guidelines please visit CDIA's Covid Resources
For accounts that were current prior to the Accommodation period:
For accounts that were delinquent prior to the Accommodation period:
For accounts that are brought current during the Accommodation period:
To further define your consumer accounts you can elect to utilize these additional Metro 2® reporting options in accordance with the CARES Act amendment to the FCRA as outlined above.
(1) accounts deferred during Accommodation period due to COVID-19 (FAQ 44).
(2) accounts in forbearance as a result of a natural or declared disaster, or for other reasons (FAQ 45).
(3) accounts affected by natural and declared disasters (FAQ 58)