Metro 2 Account Type Code 47: Credit Line, Secured (Non-Card)

Specification

Code	47
Meaning	Credit Line, Secured (Non-Card)
Field	Account Type (Field 15)
Record	Base Segment
Length / position	2 chars · 84–85
Category	Lines of Credit
CRRG reference	CRRG Exhibits 1 & 2 (Account Type Codes)

Two things distinguish 47 from a plain personal line of credit: there is collateral, and there is no card.
Typical collateral is a deposit account, a certificate of deposit, marketable securities, or titled personal property. Real-estate collateral moves the account to Account Type 89 (home-equity line of credit).
Does NOT mean a secured credit card. A card-accessed secured revolving account is Account Type 2A and Portfolio Type R.
Does NOT mean a secured installment loan. A one-time advance repaid on a fixed schedule against collateral is Account Type 02 or 03, Portfolio Type I.
The presence of collateral changes the loss severity, not the reporting mechanics. Delinquency, charge-off, and status reporting follow the same rules as an unsecured line.

1A credit union reports a share-secured line of credit where the member's savings balance is pledged against the line.
2A bank furnishes a CD-secured line of credit used for short-term liquidity.
3A brokerage-affiliated bank reports a securities-backed line of credit held by a consumer in their own name.
4A lender reports a line secured by titled equipment that the consumer draws against seasonally.
5A bank reports a secured line that was frozen after the collateral value fell, leaving an outstanding balance on a closed-to-draws line.

Report the approved line as the Credit Limit and the outstanding advances as the Current Balance.
Do not report the collateral's value anywhere. Metro 2 has no collateral-value field, and the Original Loan Amount field is not a substitute.
Report a line frozen to new draws but still carrying a balance as open with the appropriate Account Status, not as closed, until the line is actually terminated.
Do not use 47 for a home-equity line just because the HELOC is not card-accessed. Real-estate collateral is what selects Account Type 89.
If the collateral is liquidated to satisfy the balance, report the resulting balance change on the same tradeline rather than opening a new one.

A file can be structurally valid and still be wrong. These are the cross-field conditions Account Type Code 47 has to satisfy.

Portfolio Type must be C (Line of Credit).
Portfolio Type C expects a populated Credit Limit, and Current Balance should normally be at or below it.
Highest Credit records the peak drawn balance. On a line of credit, both Credit Limit and Highest Credit are meaningful and they are not the same number.
Scheduled Monthly Payment reflects the contractual minimum for the current balance and may legitimately change month to month, unlike an installment account's fixed payment.
Terms Frequency M is normal. A secured line reported with a one-time or single-payment frequency contradicts the revolving structure.
Date Opened is the date the line was established, not the date of the first draw. A line opened months before it was first used still ages from its origination date.
Date Closed must stay blank while the line remains available, even in cycles where the drawn balance is zero. A zero balance on a line of credit is not a closure.
A co-borrower or guarantor on the line ships in a J1 or J2 segment with an ECOA code that reflects the actual liability, not as a duplicate Base Segment.