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What are the consumer information indicators for consumer credit reporting?

This part of the documentation describes the consumer information indicators for consumer credit reporting.

NOTE: The indicator should be reported one time and will be deleted only when the appropriate removal code (Q, S, U) is reported.

The Consumer Information Indicator contains a value that indicates a special condition that applies to the specific consumer

The following table contains a listing of the consumer information indicators:

Code:

Description:

A

Petition for Chapter 7 Bankruptcy.

B

Petition for Chapter 11 Bankruptcy.

C

Petition for Chapter 12 Bankruptcy.

D

Petition for Chapter 13 Bankruptcy.

E

Discharged through Bankruptcy Chapter 7.

F

Discharged through Bankruptcy Chapter 11.

G

Discharged through Bankruptcy Chapter 12.

H

Completed through Bankruptcy Chapter 13.

I

Chapter 7 Bankruptcy Dismissed.

J

Chapter 11 Bankruptcy Dismissed.

K

Chapter 12 Bankruptcy Dismissed.

L

Chapter 13 Bankruptcy Dismissed.

M

Chapter 7 Bankruptcy Withdrawn.

N

Chapter 11 Bankruptcy Withdrawn.

O

Chapter 12 Bankruptcy Withdrawn.

P

Chapter 13 Bankruptcy Withdrawn.

1A

Personal Receivership.

Z

Bankruptcy – Undesignated Chapter.

Q

Removes previously reported Bankruptcy Indicator (A through P and Z) or Personal.

(Receivership Indicator (1A))

NOTE: Do not report Q as a default value.

R

Reaffirmation of Debt.

V

Chapter 7 Reaffirmation of Debt Rescinded.

W

Chapter 11 Reaffirmation of Debt Rescinded.

X

Chapter 12 Reaffirmation of Debt Rescinded.

Y

Chapter 13 Reaffirmation of Debt Rescinded.

S

Removes previously reported Reaffirmation of Debt and Reaffirmation of Debt.

(Rescinded Indicators (R, V, W, X, Y))

NOTE: Do not report S as a default value.

T

Credit Grantor Cannot Locate Consumer

U

Consumer Now Located (Removes previously reported T Indicator)

NOTE: Do not report U as a default value.

NOTE: The indicator should be reported one time and will be deleted only when the appropriate removal code (Q, S, U) is reported.

 

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