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.

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

NOTE: Former codes 0, 4, and 6 are no longer valid with Metro 2 credit reporting standards.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

  • NOTE: 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.