61. Question: How should an account be reported when it is updated more than one time during a given monthly reporting period; e.g., an account that is moved to recovery?  

Answer: Use the following guidelines to report accounts that are updated by the data furnisher more than one time during a given monthly reporting period:

• Date of Account Information = most recent date of update
• Account Status Code = new code that applies to the most recent update

Example:
Regular Monthly Reporting Period:

• Date of Account Information = 03/05/2023
• Account Status = 82 (120-159 days past due date)

Account moved to recovery and updated ahead of next regular reporting period, which would have been on 04/05/2023.
​Recovery system reports at end of each month:

• Date of Account Information = 03/31/2023
  
• Account Status = 97 (Charge-off)

Next recovery system update:

• Date of Account Information = 04/30/2023
• Account Status = 97 (Charge-off)

Note: For guidance on reporting paid accounts, refer to FAQ 39