Metro 2® Webinar: Retirement of Account Status 05 (Transferred) - CDIA

Metro 2® Webinar: Retirement of Account Status 05 (Transferred)

  1. Metro 2® Webinar: Retirement of Account Status 05 (Transferred)

Join us Dec 8, 2021 for the Metro 2® Webinar: Retirement of Account Status 05 (Transferred).  Developed in collaboration with the Metro 2® Format Task Force, which includes experienced representatives from Equifax, Experian, Innovis, and TransUnion, this webinar will discuss how accounts that are transferred internally or to a servicer should be reported, as reflected in the 2021 Credit Reporting Resource Guide®.

The reporting of accurate data is an essential obligation of data furnishers under the Fair Credit Reporting Act.  Account Status 05 will be retired for Credit Reporting in April 2022.

Discussion Topics

The webinar will focus on the following discussion topics as they pertain to transferred accounts:

  • Use of the L1 Segment to identify the Identification Number and/or Account Number Change
  • Use of Special Comment Codes to identify the “transferred’ condition
  • FAQ #46

Duration

45 minutes

Includes

  • Access to the scheduled webinar and all handout materials
  • An audio re-play file of the event accessible online for up to one year which can be shared internally with your team
  • Free download of the latest version of the Credit Reporting Resource Guide® (CRRG®)
  • Please note all webinars have been previously recorded
  • The webinar is a single sign-on experience

Legal Disclaimer

CDIA’s webinars are educational in nature and do not represent legal advice. If you need legal advice, consult an attorney in your jurisdiction.

Dec. 8, 2020 @ 2pm EST

Time Requirement: 45 minutes

$245

for CDIA members and non-members

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