Code

Description

Blank

Removes any previously reported special comment codes

B

Account payments managed by Credit Counseling Service

C

Paid by co-maker

H

Loan assumed by another party (requires ECOA code "T")

I

Election of remedy (Example: A car is repossessed, but the value of the car is less than the balance due. The credit grantor must consider the account paid and cannot collect the difference in the amounts.)

M

Account closed at credit grantor's request

O

Account transferred to another lender

S

Special handling (contact credit grantor for additional information)

V

Adjustment pending

AB

Debt being paid through insurance

AC

Paying under a partial payment agreement

AG

Simple interest loan

AH

Purchased by another lender

AI

Recalled to active military duty

AJ

Payroll deduction

AL

Student loan permanently assigned to government

AM

Account payments assured by wage garnishment

AN

Account acquired by RTC/FDIC

AO

Voluntarily surrendered - then redeemed

AP

Credit line suspended

AS

Account closed due to refinance

AT

Account closed due to transfer

AU

Account paid in full for less than the full balance

AV

First payment never received

AW

Affected by natural disaster

AX

Account paid from collateral. If the Sale of Security Transaction is run to pay off the account, this code will be automatically entered on credit reports.

AZ

Redeemed repossession

BA

Transferred to recovery

BL

Credit card stolen

BN

Paid by company that originally sold the merchandise

BO

Foreclosure proceedings started

BP

Paid through insurance

BS

Prepaid lease

BT

Principal deferred/Interest payment only