|
Initiative |
Furnisher Action |
Effective Date |
|
Report the name of the
Original Creditor and Creditor Classification Code |
Report the Original
Creditor Name and the valid Creditor Classification Code according to
the Metro 2® format. These fields are required for each
account or item reported.
|
6/15/2016 |
|
Do not report debt that
did not arise from a contract or agreement to pay |
Do not report debt that
did not arise from a contract or agreement to pay (including, but not
limited to, certain fines, tickets, and other assessments).
|
6/15/2016 |
|
Report a full file monthly |
Report your full file
monthly including accounts that are open, that are paid in the last 90
days, or that require deletion or correction.
|
9/1/2016
|
|
Do not report Medical Debt
collection accounts less than 180 days old |
Do not report Medical Debt
collection accounts (as defined by Creditor Classification Code 02)
until they are at least 180 days past the Date of First
Delinquency.
|
9/15/2017 |
|
Remove Debt paid or being
paid by insurance |
Report a delete for
accounts that are being paid by insurance or were paid in full through
insurance (not by the consumer).
|
9/15/2017 |
|
Reporting of consumer
personally identifiable information |
There will be greater
reliance on collecting and reporting broader consumer identification
information (Full Name and Address along with Social Security Number
and Date of Birth). You should collect and report all consumer
identifiable information.
Further details will be
communicated in the coming months.
|
9/15/2017 |
