​ECOA Codes

The ECOA Code defines the relationship of the consumer to the account in compliance with the Equal Credit Opportunity
Act.​

  • 1 = Individual. This consumer has contractual responsibility for this account and is primarily responsible for its payment.
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  • 2 = Joint Contractual Liability. This consumer has contractual responsibility for this joint account.

  • 3 = Authorized User. This consumer is an authorized user of this account; another consumer has contractual responsibility.
Note: The full Date of Birth (MMDDYYYY) must be reported for all newly-added authorized users on all pre-existing and newly-opened accounts.

  • 5 = Co-maker or Guarantor. This consumer is the co-maker or guarantor for this account, who becomes liable if the maker defaults.

  • 7 = Maker. This consumer is the maker who is liable for the account, but a co-maker or guarantor is liable if the maker defaults.

  • T = Terminated. The association with the account has been terminated by this consumer.
Note: Refer to Frequently Asked Question 14(b) for reporting guidelines on ECOA Code T.

  • X = Deceased. This consumer is deceased.
Notes: Do not report ECOA Code X until you have received a legally-sufficient death notice; e.g., death certificate. Data furnishers should consult with internal Legal counsel or Compliance area regarding what constitutes a legally-sufficient death notice.

Refer to Frequently Asked Question 19 for guidelines on reporting deceased consumers.

  • W = Business/ Commercial. This code is used to identify that the company reported in the Name field is contractually liable for this account. (Business accounts should be reported only when a consumer is also personally liable.)
Note: Refer to Frequently Asked Question 20 for guidelines on reporting consumers who are personally liable for business accounts.

  • Z = Delete Consumer. This code is used to delete this consumer from the account.
Notes: Refer to Frequently Asked Question 14(b) for reporting guidelines on ECOA Code Z.

Only inaccurately reported consumers should be deleted. Additionally, as per Frequently Asked Questions & Answers 27 and 28, authorized users should be deleted from accounts included in bankruptcy since authorized users are not contractually responsible for payments.