### How should a business account be reported when a consumer is personally liable?

  • Report the consumer’s information with ECOA Code 2 (Joint/Contractual Liability) or 5 (Co-maker or Guarantor), as applicable.

  • Report the business name starting in the Surname field (Last Name). The business name may continue into the First and Middle Name fields if needed.

  • Report ECOA Code W (Business/Commercial)

  • Do not report business accounts when companies are solely responsible for payments. Business accounts should be reported only when there are also consumers who are personally liable for payments.

### Requirements

  1. In order for us to furnish a business account, Credit_product account type must be “business credit card”

  2. A business name and address is required upon account creation or update

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<summary style= "font-weight: bold" >Nice to know</summary>
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For Business Credit Card Account types, you following portfolio and Industry types can be associated to the account:
  • Portfolio Types:
    • Open
    • Revolving
  • Industry Types:
    • Bank or Savings and Loan
    • Credit Card Issuer
    • Credit Union