91Consumer Installment Loans
Account Type Code 91: Debt-Consolidation Loan
Account Type Code 91 means "Debt-Consolidation Loan". A single installment loan taken out to pay off several existing obligations, replacing multiple debts with one scheduled payment. It is reported in Account Type (Field 15) of the Base Segment, 2 characters at position 84.
Specification
| Code | 91 |
|---|---|
| Meaning | Debt-Consolidation Loan |
| Field | Account Type (Field 15) |
| Record | Base Segment |
| Length / position | 2 chars · 84–85 |
| Category | Consumer Installment Loans |
| CRRG reference | CRRG Exhibits 1 & 2 (Account Type Codes) |
What Account Type Code 91 means
- Defined by the use of proceeds. The loan itself is an ordinary fixed-term installment loan; what makes it a consolidation is that it retired other debts.
- Consolidation creates a new obligation. The paid-off accounts close on their own tradelines and the consolidation loan opens with its own Date Opened.
- Does NOT mean a debt settlement or a debt-management plan. Those arrangements do not advance funds and are not a consolidation loan.
- Does NOT mean a balance transfer. Moving balances onto an existing revolving account changes the balance on that account; it does not create an installment loan.
- Does NOT mean the consolidated debts disappear from the file. Their history stays on the closed tradelines for the normal reporting period.
When to report 91
- 1A bank reports a 48-month unsecured consolidation loan whose proceeds paid off four credit card balances.
- 2A credit union reports a consolidation loan for a member combining several installment obligations into one payment.
- 3A lender reports a consolidation loan on which the borrower is being repaid on schedule and the balance falls monthly.
- 4A lender reports a consolidation loan that went delinquent after the borrower re-accumulated revolving balances.
- 5A lender reports a consolidation loan paid in full at maturity and closes the tradeline at zero.
Reporting rules
- Report the funded amount as the Original Loan Amount and the remaining principal as the Current Balance.
- Set Date Opened to the date the consolidation loan funded, not the earliest date of the debts it retired.
- Do not adjust the retired accounts' histories. They close as paid; their delinquency history remains as it occurred.
- Do not code a revolving balance-transfer product as 91. It is not an installment loan.
- Report the loan every cycle, including the months when the balance is unchanged because of a deferment.
Codes and fields that must agree
A file can be structurally valid and still be wrong. These are the cross-field conditions Account Type Code 91 has to satisfy.
- Portfolio Type must be I (Installment).
- Portfolio Type I requires Terms Duration in months and a populated Scheduled Monthly Payment, and does not use Credit Limit.
- Date Opened must be the consolidation funding date and must not precede it. A Date Opened earlier than the funding date creates a date-logic failure against the Original Loan Amount.
- Original Loan Amount must be greater than zero and stable for the life of the loan.
- Terms Frequency is normally M (Monthly) and must agree with the Scheduled Monthly Payment.
- The paid-off tradelines should carry an Account Status reflecting paid and closed with a populated Date Closed; leaving them open alongside the consolidation double-counts the consumer's obligations.
- Credit Limit must be blank or zero. A consolidation loan is a closed-end obligation with no line behind it, and a populated limit triggers utilization edits it cannot satisfy.
- Date of First Delinquency belongs to this loan alone. It runs from the first missed installment on the consolidation loan and is never inherited from the accounts the loan retired.
- Amount Past Due must reconcile with the Payment History Profile and Account Status.
- A co-borrower ships in a J1 or J2 segment with a joint or co-maker ECOA code, never as a second Base Segment for the same loan.
Common errors involving 91
Vocabulary
Keep browsing
- All 56 account type codes — the full set with categories and cross-field rules.
- Metro 2 codes cheat sheet — every CRRG code set on one page.
- Account Type field reference — position, length, and validation rules.
- Metro 2 format reference
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