Navigation:  Loans > Loan Screens > System Setup Screens > Client Code Setup Screen > Loan Compliance Code

Loan compliance codes notify the credit repositories of disputes and other factors that better clarify the information being reported. Compliance codes are entered on the Loans > Credit Reporting screen and are visible in the Miscellaneous Fields field group on the Loans > Competitor Inquiry screen.

 

Credit Bureau compliance codes are user-entered. The compliance codes allow your institution a way of notifying the repositories of problems on the account. It also allows a way of indicating if the institution required an account to be closed or if the borrower closed an account. The codes notify the credit repositories of disputes and other factors that better clarify the information being reported. File maintenance to this field writes to loan history.

 

Use this version of the Client Code Setup screen to indicate which Compliance Codes will be available for selection on the Credit Reporting screen (see the linked help for more information about compliance codes). Simply use the checkbox fields next to each code in the list view to enable or disable desired codes.