Loan Screens > Credit Reporting > Credit Reporting Screen > Credit Reporting & Loan Information tab

Entry: User, date

F/M: Yes

Mnemonic: BUDFDL

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

Delinquency is calculated based on whole days. Date of first delinquency is placed on an account when the payment has not been made after 30 days from the Due Date. This is one of two dates pulled from action code dates at monthend.

1.	The action date connected to action code 194 (date of first delinquency). This date must be in the past.

2.	If both action code 94 (date of occurrence) and 194 (date of first delinquency) are present on the loan, the date associated with action code 94 is used. The process the system goes through in establishing the action code 194 and date is discussed in Coding of Derogatory Credit Status.

File maintenance to this field writes to loan history.

The Date of 1st Delinquency is reported in Base Field 25 of the Credit Report transmission (FPSRP184).

This date is also used to determine when charged-off loans stop being reported to credit repositories. Charged-off accounts are no longer reported to credit repositories after 84 months (7 years). So if the Date 1st Delinquent was 01/01/2010, the charged-off account would be reported every monthend for 84 months. On 02/01/2017, the account would no longer be included in the Credit Report transmission (FPSRP184).