Metro2 Explained

What is the ECOA (Equal Credit Opportunity Act)?

The ECOA code defines the relationship of the primary consumer to the account and designates the account as joint, individual, etc., in in compliance with the Equal Credit Opportunity Act.

Code	Code Description
1	Individual (This consumer has contractual responsibility for this account and is primarily responsible for its payment
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.)
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.)
W	Deceased (This consumer is deceased.)
X	Business/Commercial (This code is used to identify that the company reported in the Name field is contractually liable for this account.)
Z	Delete Consumer (This code is used to delete this consumer from the account.)

Date we received the statement = "Statement Date" = "Account Information Date" on Metro2

payment history, current balance, etc. should be included in the current as of date of account information
account status will be determined by all of the data leading up to the date of account information
- days delinquency
- amount past due
- current balance