METRO2 COMPLIANCE CONDITION CODE
NY QUESTIONS CONCERNING THE USE OF THESE CODES OR ERRORS REPORTED BY THE CREDIT BUREAU, SHOULD BE DIRECTED TO THE CREDIT REPORTING RESOURCE GUIDE (available on our website) OR THE CREDIT BUREAU.
Information taken directly from the CREDIT REPORTING RESOURCE GUIDE Copyright 2000 © Associated Credit Bureaus, Inc.
COMPLIANCE CONDITION CODE
Allows the reporting of condition that is required for legal compliance e.g., according to the Fair Credit Reporting Act (FCRA) or Fair Credit Billing Act (FCBA).
Values Available:
|
XA |
Account closed at consumer's request |
|
XB |
Account information disputed by consumer (Meets requirements of the Fair Credit Reporting Act) |
|
XC |
Completed investigation of FCRA dispute - consumer disagrees |
|
XD |
Account closed at consumer's request and in dispute under FCRA |
|
XE |
Account closed at consumer's request and dispute investigation completed, consumer disagrees. (To be used for FCRA or FCBA disputes) |
|
XF |
Account in dispute under Fair Credit Billing Act |
|
XG |
FCBA Dispute resolved - consumer disagrees |
|
XH |
Account previously in dispute - now resolved, reported by data furnisher |
|
XJ |
Account closed at consumer's request and in dispute under FCBA |
|
XR |
Removes the most recently reported Compliance Condition Code NOTE: Do not use XR as a default value. |
The code should be reported one time and will be deleted only when another code or the XR (Remove value) is reported.
For example, if an account is reported with Compliance Condition Code XB in July 1998, and is then reported with Compliance Condition Code XC in November 1998, the XG is replaced with the XC. If the account is then reported in January 1999 with the code XR, the SC value is removed.