ECOA Codes

This code indicates how account information is reported to the Credit Bureau in keeping with the Equal Credit Opportunity Act. It can be placed on a loan record when it is created in the Loan Request screen, or updated later using Account Information Update.

Additional signer information will be reported to the credit bureau ONLY for loans that are assigned code.

Former codes 0, 4, and 6 are no longer valid with Metro 2 credit reporting standards.

 

• 1 Individual account

• 2 Joint contractual responsibility

• 3 Authorized User

• 5 Co-Maker or Guarantor

• 7 Maker account

• T No longer associated

• W Business/Commercial

  To use the "W" ECOA code, an additional signer must be present on the loan request prior to creating the loan.

• X Deceased

• Z Delete Consumer

 

If you are unsure which ECOA code to select for your member's loan, please contact your credit bureau representative.