Navigation:  Credit Reporting  > Credit Reporting Screen > Credit Reporting & Loan Information tab > Date of Account Information

Entry: System, date

F/M: No

Mnemonic: BUCRBU

Screen: Loans > Credit Reporting > Credit Reporting & Loan Information tab

 

This is the date the account information was reported to the Credit Bureaus. This field is automatically updated by the system. Generally, you cannot make changes to this field, unless this is a closed account and you need to update this field. For open accounts, this field is not file maintainable. All account information in the Base Segment of the Credit Report and transmission (FPSRP184), such as the Account Status and Current Balance, is reported as of the date in this field. This date varies depending on what type of activity occurred on the account.

 

•For Account Status Codes 11, 71, 78, 80, 82-84, 88, 89, 93-97, DA and DF, this is the current month's date when information was reported to the Credit Bureaus (the final run date of the Credit Report and transmission (FPSRP184)).

 

•For Account Status Code 5 (transferred), this is the date the account was transferred and reported, unless the account was closed due to inactivity; then the date with the credit reporting period when the account was closed to further charges is reported.

 

•For institutions that report monthly, this is the date of the most recent update to accounts, such as mid-month (08/15/2015) or end month (08/31/2015).

 

•For closed and released loans, the system uses the lesser of the Closed Loan date (LNCLSD) or the Date of Last Payment Activity (LNLPAD) as the Date of Account Information.

 

This field is reported in the Billing Date/Date of Account Information (Field 24) in the Base Segment of the transmission.