New Credit Bureau Reporting for Assignments for Conditional Disability Discharge - Chart

Based on Consumer Data Industry and NCHELP Recommendations

July 2006

Lender / US Dept. ED after

3-Year
Status Perkins School Servicer Guarantor of Ed. Period

"05" , Payment
Rating Code
“05”, Payment Rating applicable to
Non- Code applicable to status status at time of
Default at time of disability claim disability claim See Below (2) "11" / "D" "13"

“05”, Payment Rating

Code “G”, Special "88" See Below
Default Comment Code “AL” (1) "93" then "DA" "93" / "D" "62"

(1) Lender continues to report poor credit history prior to filing default claim (including
using the “88” code)
(2) Guarantor transfers TPD claim to ED without reporting

Account Status Code Descriptions

Account Status Description

Code
05 Account transferred to another office
11 Current account
13 Paid or closed account/ zero balance
62 Account paid in full was a collection account, insurance claim or
government claim
88 Claim filed with government for insured portion of balance on a
defaulted loan
93 Account seriously past due and/or assigned to internal or external
collections

Payment Rating Code Definition

Code Definition
0 Current status this month
1 30 days delinquent this month (add 1 for every 30 day period up to
“5”)
G In Collection prior to transfer
Special Comment Code Definition

Code Definition
AL Student loan- permanently assigned to government
D Student loan – payment deferred