Metro 2 Account Type Code 67: Government Unsecured Direct Loan

Specification

Code	67
Meaning	Government Unsecured Direct Loan
Field	Account Type (Field 15)
Record	Base Segment
Length / position	2 chars · 84–85
Category	Government Obligations
CRRG reference	CRRG Exhibits 1 & 2 (Account Type Codes)

Direct and unsecured. The funds came from the government agency itself and nothing was pledged against them.
The distinction from code 65 is who lent the money. A guaranteed loan involves a private lender; a direct loan does not.
The distinction from code 68 is collateral. Both are direct government loans; only 68 is secured.
Does NOT mean a government benefit or grant. Money that was never intended to be repaid is a grant (69), and money paid in error that must be returned is an overpayment (70 or 75).
The furnisher is usually the agency or its contracted servicer, reporting under the agency's subscriber code.

1A federal agency reports a direct unsecured loan being repaid on a fixed monthly schedule.
2An agency servicer reports a direct unsecured loan in an authorized deferment period with no payment due.
3An agency reports a direct unsecured loan that defaulted and is now in an administrative collection status.
4An agency reports a direct unsecured loan rehabilitated after default and returned to a scheduled repayment plan.
5An agency reports a direct unsecured loan paid in full and closed at a zero balance.

Report the disbursed principal as the Original Loan Amount and the current payoff principal as the Current Balance.
Do not merge multiple separate disbursements into one tradeline unless they were legally consolidated into one obligation.
Report an authorized deferment or an income-driven payment amount accurately in the payment fields rather than continuing to report the standard payment.
Do not recode to 74 (government miscellaneous debt) when the loan defaults. A defaulted loan is still a loan.
Where the agency consolidates several loans into one new obligation, close the prior tradelines and report the consolidation as a new account rather than editing balances across the old ones.

A file can be structurally valid and still be wrong. These are the cross-field conditions Account Type Code 67 has to satisfy.

Portfolio Type must be I (Installment).
Portfolio Type I obliges you to populate Terms Duration and, while in repayment, Scheduled Monthly Payment. A zero scheduled payment is only defensible when the loan is genuinely in a deferment or an income-driven zero-payment plan, and the Account Status must say so.
Credit Limit must be blank or zero on Portfolio Type I.
Terms Frequency should be M for a standard monthly repayment schedule.
Original Loan Amount must be non-zero and stable. Consolidation creates a new tradeline rather than a restated original amount on the old one.
Where the loan is consolidated, the closed tradeline should carry an Account Status reflecting payment through consolidation and a populated Date Closed, and the new obligation gets its own Date Opened.
Date Opened is the disbursement date of this loan. A tradeline whose Date Opened is later than the Date of Account Information it ships with fails a basic date-logic edit.
Amount Past Due must agree with the Payment History Profile and Account Status. An agency loan reported as delinquent with a zero Amount Past Due is a contradiction the bureaus can reject.