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Chapter 7 Bankruptcy Withdrawn.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Chapter 11 Bankruptcy Withdrawn.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Chapter 12 Bankruptcy Withdrawn.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Chapter 13 Bankruptcy Withdrawn.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Chapter 7 Reaffirmation of Debt Rescinded.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Chapter 11 Reaffirmation of Debt Rescinded.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Chapter 12 Reaffirmation of Debt Rescinded.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Chapter 13 Reaffirmation of Debt Rescinded.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 (Rescinded Indicators (R, V, W, X, Y)) NOTE: Do not report S as a default value.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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