The Time Stamp of the Credit Report transmission will have the previous end-of-month date (the date the Credit Reporting update function ran) unless the loan is closed or released.

•For Credit Bureau Account Status Codes 11, 71, 78, 80, 82-84, 88, 89, 93-97, DA, and DF, the system reports the current month’s date. Example: If the file were sent in May (for April reporting), then the field will have the following data in it: 04302015235959F (04/30/2015 23:59:59).

•For Credit Bureau Account Status Code 05 (account transferred to another office), the date transferred is reported.

•For closed or released loans, it will have the date the loan was closed or released. For Credit Bureau Account Status Codes 13 and 61-65, the system reports the date paid, unless the account was closed due to inactivity, then report the date within the current reporting period when the account was closed to further charges. Example: If an account was closed or released on 04/15/15 (for April reporting), the field will have the following data in it: 004152015235959F (04/15/2015 23:59:59).

The Correction Indicator field is a way to flag a credit reporting transmission as a corrected transmission. If this field is set to "1," the whole file is considered a correction. In order to send a corrected file, you must send a work order to your GOLDPoint Systems client solutions specialist. The default is zero (0).

Correction transmissions are extremely rare. Usually if you need to change information for just one or two accounts, you would use a third-party software to send the corrected information. Otherwise, you just wait for the next month to report the new information to the Credit Bureaus. This is an all-or-nothing option, as in the whole credit reporting file has to be a correction file.

We changed how the Credit Bureau Portfolio Type field is reported. The Portfolio Type defaults to an “I” unless the account has one of the following conditions on the account:

1.If the payment method is a 5 (line-of-credit) and the loan is a card loan (LNCARD=Yes), then the Portfolio Type will be an “R” (revolving).

2.If the payment method is a 5 (line-of-credit) and the loan is not a card loan (LNCARD=No), then the Portfolio Type will be a “C” (line-of-credit).

3.If the account has a General Category of 1, 2, 10, 11, 80, 86-88, then the Portfolio Type will be an “M” (mortgage).

The system pulls different information for the Highest Credit or Original Loan Amount field depending on what type of payment method the account is:

•The system uses the Highest Balance field (LNRLHB) if the loan is a line-of-credit account (payment method 5).  The GOLDTeller system looks at the loan balance each time an account is updated. If the loan principal balance (LNPBAL) is higher than the amount in LNRLHB, then when the system updates, the LNPBAL goes into LNRLHB to be reported to credit repositories.

•For all other payment methods, the system uses the Face Amount (LNFACE) in this field (except institution 360, which uses LNOBAL unless it is a payment method 5 loan, in which case it uses LNRLCL).

The Highest Credit or Original Loan Amount is found on the Credit Reporting screen and in the Base Segment of the credit transmission sent to credit repositories (FPSRP184).

GOLDPoint Systems will be running a special initialization data change to find the highest balance ever attained on the account and place it in the Highest Credit or Original Balance field. If the account never had a balance, the system pulls the line-of-credit limit.

The Terms Duration field for revolving or line-of-credit loans now reflects information for line-of-credit loans respectively as follows:

•The value will be “LOC” (line-of-credit) when the loan payment method is 5 (line-of-credit) and not a card loan (LNCARD=No or is left blank).

•The value will be “REV” (revolving line-of-credit) when the payment method is 5 and it is a card loan (LNCARD=Yes or checked box).

As part of the Credit Reporting update, we have added a new field to the Credit Reporting screen named Amt Paid this Month (BUAPTM). This field displays the amount the borrower paid this month on the loan. This field is updated at monthend when the Credit Bureau update function is run. The system takes the amount in BUAPTM, truncates it to whole dollars, and puts the whole dollar amount in the Actual Payment Amount field in the credit transmission.

See New Amount Paid This Month Field topic in the CIM GOLD Changes section for an example of this new field on the Credit Reporting screen.

A new field called Loan Amount Paid this Month (LNAPTM) is updated each time specific teller transactions are run and account balances are added to or subtracted from based on those transactions. The list of transactions that affect this field are shown in the following table.

When the credit reporting update runs at monthend, the system pulls the information in LNAPTM and places it in the Amt Paid this Month field (BUAPTM) on the Credit Reporting screen. The LNAPTM field is then cleared to 0.00 to start the next month’s payment tracking.

This amount is then reported to the credit repositories through the Credit Report and transmission (FPSRP184).

Note: Reversals that happen for transactions from a previous month are not tracked. Only reversals for transactions that happen in the same month as when the Credit Bureau Update is run will be subtracted from LNAPTM. This field will not be negative.

Note: A special initialization data change will be run one time only for each institution in order for the system to pull the correct amounts from the loan history (LNAPTM) to the Credit Reporting field (BUAPTM).

The Credit Bureau monthend update function has been changed to correctly report the Credit Bureau Account Status for closed accounts that are charged off, repossessed, or collection accounts.

•If the account is closed and has a hold code of 92 (voluntary surrender) or 97 (paid account—was a voluntary surrender), then the Credit Bureau Account Status will be 61 (paid in full—was a voluntary surrender).

•If the account is closed and has a hold code of 90 (judgment), 91 (collection account), or 96 (paid account—was a collection), then the Credit Bureau Account Status will be 62 (paid in full—was a collection account).

•If the account is closed and has a hold code of 93 (repossession by grantor) or 98 (paid account—was a repossession), then Credit Bureau Account Status will be 63 (paid in full—was a repossession).

•If the account is closed and has a hold code of 2 (charge-off) or 95 (paid account—was a charge-off), then the Credit Bureau Account Status will be 64 (paid in full—was a charge off).

Also, if the Credit Bureau Account Status is 64 and the account was closed with a full write-off transaction (LNAPRM=Y), then the Special Comment code of AU (account paid in full for less than the full balance) will be added to the account.

We have changed the way we report Payment History Profile. Over the next several months, we will be implementing a New Payment Profile (BUPMHS). This is replacing the old Payment Profile (BUPMPF), which reported the current month and 24-months previous payment activity. This New Payment Profile displays the monthend payment activity and 24-months previous information.

For example, if it is July of 2015, the New Payment Profile reports monthend information from June of 2015 to July 2013. With the old Payment Profile, payment information from the current month (July 2015) to 24 months previous (August 2013) is reported.

The system reports one month's payment history using one code from left to right in most recent to least recent order. The first code (byte) represents the previous month's Credit Bureau Account Status code. Valid entries are:

If a full 24 months of history are not available for reporting, the ending positions of this field is filled with Bs. The Payment History Profile reports monthly history, regardless of the frequency on the loan.

See New Payment Profile Added to Credit Reporting Screen in the CIM GOLD Changes section for more information.

The following changes have been made to the Special Comment field in the Credit Report and transmission (FPSRP184):

•When the monthend credit reporting function runs and the first payment on an account has not been made (the loan is 30+ days overdue and Installments Made (LNINNO) is equal to 0), the system assigns "AV" (First Payment Never Received) in the Special Comment field.

•If the loan has been modified such that the P/I Constant, Interest Rate, or Term has changed, the system assigns "CO" (loan modified - not under a federal government plan) in the Special Comment field. For the system to put the CO code on the account, Installments Made (LNINNO) must be greater than zero in addition to changes to either the P/I Constant, Interest Rate, or Term.

•Certain transactions can cause the Special Comment to be applied to an account.

oIf the Death Claim Payment transaction (tran code 2600-06) is run and the account closes (is paid off) due to the transaction, the system automatically assigns Special Comment code BP (Account paid by insurance) to the account.

oIf the Sale of Security transaction (tran code 2510-03) is run and the account closes (is paid off) due to the transaction, the system automatically assigns Special Comment code AX (Account paid by security) to the account.

oIf the Insurance Payment transaction (tran code 2600-01) is run for at least two consecutive months, the system automatically assigns Special Comment code AB (Account being paid by insurance) to the account for Credit Reporting purposes.

•Special Comment codes AG (simple interest loan) and AJ (payroll deduction) have been removed. The credit repositories no longer use those classifications.

•We have created a new screen to prioritize which Special Comment code should be included in credit reporting when two or more Special Comments may apply to the account. See New Special Comment Priorities in the CIM GOLD section for more information.

The system now enters “DA” (Delete Account) in the Credit Bureau Account Status field when loans are retracted or corrected (LNCLSD = Y and LNRNST = Y). This is a correction to how the system previously reported retracted loans. The system no longer enters XA (Account closed at customer’s request) in the Compliance Condition Code field.

GOLDPoint Systems will be running a one-time initialization data change to your accounts to clear out the XA code from the Compliance Condition Code field.

The Current Balance on the Credit Report and transmission now reflects the total current balance owed on the account as of the Date of Account Information. The Current Balance contains the principal balance including interest currently due, late charges, and fees due this month; and for mortgage accounts, it also includes the escrow amount currently due. The Current Balance does not include future interest, escrow, fees, or insurance payments.

This amount is reported in whole dollars only. Credit balances (negative balances) are reported as zero.

Because of this enhancement, we changed the mnemonic for Current Balance on the Credit Reporting screen from BUPBAL to BUPOBL. You may also need to make that change to any GOLDWriter or GOLDMiner reports that include the old BUPBAL.

We have changed the Amount Past Due field (BUAMPD) reported to Credit Bureaus to never be larger than the total payoff amount (shown in the Current Balance field (BUPOBL) on the Credit Reporting screen). This field is pulled from the Total Due field on the Loans > Account Information > Account Detail screen > Payments tab.

If the Credit Bureau Account Status is 97 (charged off), this field reflects the payoff amount.

Additionally, we have changed how the system reports the Amount Past Due for accounts with Hold Code 4 (Bankruptcy Chapter 7 or 11). Previously, the system would not calculate the Amount Past Due for the Credit Report and transmission (FPSRP184) if Hold Code 4 was on the account. The Amount Past Due is now included for accounts with Hold Code 4.

The Date of Account Information (Billing Date) is now reported as follows:

•All account information in the Base Segment, such as Credit Bureau Account Status and Current Balance, is reported as of the date in this field.

•For Account Status Codes 11, 71, 78, 80, 82-84, 88, 89, 93-97, DA, and DF, the end-of-month's date is reported.

•For Credit Bureau Account Status Code 05 (account transferred to another office), the date transferred is reported.

•For Credit Bureau Account Status Codes 13 and 61-65, the date paid is 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.

Format for character date is MMDDYYYY. Format for packed date is 0MMDDYYYYs—where s is the sign.

We have changed how we calculate the Date of First Delinquency to Credit Bureaus. Previously, we calculated the Date of First Delinquency as the due date the account went delinquent. Now we calculate the Date of First Delinquency as the due date plus 30 days. For example, a loan is due on February 20, 20XX. The Date of First Delinquency will be March 22, 20XX (assuming not a leap year). The first time an account goes delinquent, Action Code 194 (Credit Bureau Date of Occurrence) is automatically placed on the account, which translates to the Date of First Delinquency both on the Credit Reporting screen and the credit transmission.

We have also changed the Date of First Delinquency when reporting accounts that were charged off but the account was still current. These are rare circumstances. For example, insurance payments pay a loan many months in advance but the payments do not pay off the loan. The account owner dies, and therefore, the loan will never be paid off. Therefore, you charge off the account for the remainder of the money. In those cases, the system does not report Action Code 194 as the Date of First Delinquency. Instead, the system reports the date the loan was charged off as the Date of First Delinquency.

A new institution option is available that, when set, clears the Consumer Transaction Type field to blanks. This option is called Clear Consumer Trn Type (0P28 CCTT) and is set up by your GOLDPoint Systems client solutions specialist. If this option is set, the Consumer Transaction Type field is not reported to Credit Bureaus. Create a work order if your institution wants this option set up.

We now report the Generation Code in the Credit Report and transmission (FPSRP184). This is also reported for any co-borrowers and listed in the J1 and J2 Segments accordingly. Previously, we left that field blank, and instead, included any suffix codes in the Last Name of the account owner. Now we break out the suffix and put it into the Generation Code field of the transmission.

GOLDPoint Systems uses the Suffix field on the Customer Relationship Management > Households screen for the Generation Code. In order to report the suffix (Generation Code) in Credit Reporting, we needed to make this field consistent for everyone. Only specific suffixes are used in the Generation Code field in Credit Reporting. GOLDPoint Systems converts the Suffix field to a valid Generation Code, as shown in the following table.

See New Screen for Generation Codes in the CIM GOLD Changes section for more information.

The Suffix field (NAME_SUFFIX) in GOLDTrak PC also reports the Generation Code field in transmissions sent to credit repositories.

We have updated the ECOA Code reported to credit repositories to match the 2014 Credit Reporting Resource Guide as closely as possible. Additionally, we added a new ECOA Code field (NTECOA) on the Customer Relationship Management > Households screen > Accounts tab. If this field is blank and the Account Ownership code (NTOCOD on the Customer Relationship Management > Households screen > Accounts tab) is 1-20 or 22, the corresponding ECOA code will be placed in this field. See the ECOA Codes section in the Credit Reporting screen for more information on ECOA Codes and Ownership Codes.

See New ECOA Code Field in the CIM GOLD Changes section for an example of this new field.

Additionally, the ECOA Code field can be added to any of your GOLDTrak PC or eGOLDTrak loan programs. When the loan is boarded, the ECOA Code is transferred to NTECOA in CIF. The ECOA Code is found in the PARTY_TO_LOAN field group, and it is called BORR_ECOA_CODE. Contact your GOLDPoint Systems client solutions specialist if you want this for your institution.

We also changed how deceased customers are reported. When a Death Date is placed on an account owner, at monthend, the system automatically changes the Account Ownership Code for that customer to "20" (Deceased). The ECOA Code changes to "X" (Consumer Deceased). This information is passed to the Credit Report and transmission to the Base Segment Field 37 of the accounts this person owned. If the person was a co-owner or some other ownership on accounts, this information is reported in the J1/J2 Segments Field 10 for those accounts where they were not the IRS owner.

After the customer has been reported as deceased to the credit repositories, the next month of credit reporting the person no longer appears on the Credit Report and transmission.

If the deceased customer was the IRS owner on an account, a co-owner automatically becomes the IRS owner after the deceased customer is reported to the Credit Bureaus. For accounts where there are multiple account owners, the system uses the order the account owners appear on the Households screen > Accounts tab. For example, if an account had four co-owners, and the IRS owner dies, the first non-deceased co-owner listed on the Households screen > Accounts tab would then be the IRS owner on the account. See

If the Death Date is cleared because of a mistake (e.g., applied the Death Date to the wrong person), all of the preceding items are reversed.

See the New Death Recorded Date and ECOA Code Fields topic in the CIM GOLD Changes for more information.

We have removed the following Consumer Information Indicators:

W - Chapter 7 Reaffirmation of Debt Rescinded

X - Chapter 11 Reaffirmation of Debt Rescinded

Y - Chapter 12 Reaffirmation of Debt Rescinded

These are no longer used by credit repositories.

We now include the Address Indicator field in the Credit Report and transmission (FPSRP184). The Address Indicator field is used to classify types of addresses indicated on a customer account. Possible selections in this field are:

C – Confirmed/Verified Address. Note: The C code is used to confirm or verify an address after receiving an address discrepancy notification from a consumer reporting agency. Report "C" one time after the address is confirmed. The next month you can change it back to something else or leave the field blank.

Y – Customer’s Primary Address

N – Unconfirmed Address

M – Military Address

S – Secondary Address

B – Business Address (Not a Residence)

U – Non-Deliverable Address/Returned Mail

D – Data Reporter’s Default Address

P – Bill Payer Service (Not a Residence)

See the New Address Indicator Field topic in the CIM GOLD Changes section.