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 for Installment | What to Report for Open | Notes |
|---|---|---|---|
| Portfolio Type | I (Installment) - for all utility services' payment plans | O (Open) - for merchandise (e.g., appliances, etc.) | |
| Account Type | 06 - for merchandise (e.g., appliances, etc.) | 92 - for all utility services' payment plans 4D - for telecommunications companies, as appropriate |
|
| Highest Credit/Original Loan Amount | Original amount of the loan, excluding interest payments | Highest amount of credit utilized by the consumer | • For utility services' accounts, report the highest amount of credit utilized by the consumer. • For Installment accounts, report the amount of the contract |
| Terms Duration | I (Installment) - Number of months of the loan | O (Open) - 001 | Fixed; M2R sets automatically and cannot be changed. |
| Scheduled Monthly Payment Amount | Installment accounts - Regular monthly payment | Utility services - Zero fill | |
| 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 | • Report full file information, including open/current accounts, all stages of delinquency, derogatory accounts and closed or paid accounts. When the Account Status Code is 13 or 95, the Payment Rating must also be reported. • Refer to Account Status Codes for specific definitions. |
| Special Comment | AM = Legal Action AS = Refinanced AH = Sold B, C, AB, AC, AI, AO, AU, AX, BN, BP, BT, CP = Special Payment Arrangements O, AT, BA = Transferred S, V, AV, AW, AZ, CH = Other Blank = Removal of comment |
M = Closed AM = Legal Action AH = Sold B, C, AB, AC, AI, AU, BP, CP = Special Payment Arrangements O, AT, BA = Transferred S, V, AV, AW, CH = Other Blank = Removal of comment |
• Report Special Comments in conjunction with Account Status Codes to further define the accounts. Refer to Special Comment Ref. for specific code definitions. • When a utility service is terminated due to nonpayment, Special Comment M (Account Closed at Credit Grantor's Request) should be reported with the appropriate Status Code. • If the account is subsequently reinstated, remove the Special Comment M by blank filling the field. |
| Compliance Condition Code | XB, XC, XF, XG, XH, XR | XA – XJ, XR | • Report Compliance Condition Codes when required for legal compliance. • See Compliance Condition Codes Reference for specific code definitions. Example: Compliance Condition Code XB (Account information has been disputed by the consumer directly to the data furnisher under the FCRA; the data furnisher is conducting its investigation.) • Important Note: Code XB should no longer be reported after the investigation is completed; the XB should be removed by reporting the removal code or changed to another code. |
| ECOA Code | ECOA Code 3 is not applicable. | ECOA Code 3 is not applicable. |