Credit Reporting Update > L1 Segment Changes

When a loan is moved from one office to another office using the Loans > Inter-Office Move screen, the new account is reported to Credit Bureaus in the L1 Segment of the Credit Reporting and transmission (FPSRP184). It will be included the month the move was made, but will be removed from the L1 Segment the month after the move was reported.

Additionally, the system checks to see if the Credit Bureau subscriber number is different after the account was moved. For example, if an account moved from one office that used one subscriber number and moved to another office with a different subscriber number, then the new subscriber number is reported to the credit repositories in the New Identification Number field (L1 Field 4).

We have also changed the Change Indicator field in the L1 Segment to reflect this change. The Change Indicator field (L1 Field 2) notifies the Credit Bureaus as to what was changed: the account number or the credit agency subscriber number. If just the account number was changed (moved), then the Change Indicator will be "1." (For example, an account moved from one office to another office, but both offices use the same credit agency subscriber number.) If both the account number and the credit agency subscriber number changed, the system assigns "3" to the Change Indicator.