Metro 2 Account Type Code 9A: Secured Home-Improvement Loan

Specification

Code	9A
Meaning	Secured Home-Improvement Loan
Field	Account Type (Field 15)
Record	Base Segment
Length / position	2 chars · 84–85
Category	Secured and Collateralized Installment
CRRG reference	CRRG Exhibits 1 & 2 (Account Type Codes)

Purpose plus collateral. The proceeds fund improvements, and the lender holds security.
Distinct from Account Type 04, the general home-improvement loan, precisely by the presence of collateral.
Distinct from Account Type 89 by structure: 9A is a closed-end loan with a fixed schedule, while a HELOC is a revolving line.
Does NOT mean a purchase-money mortgage. The loan funds improvements to a home the consumer already owns.
Reported as Portfolio Type I, not M, even though a lien on real property may be involved. The installment structure is what governs.

1A bank reports a ten-year fixed-rate loan for a roof replacement, secured by a lien on the home.
2A credit union reports a secured home-improvement loan for a kitchen renovation, repaid monthly.
3A contractor-affiliated lender reports a secured improvement loan being repaid on a fixed schedule.
4A lender reports a secured home-improvement loan paid in full and closed with the lien released.
5A lender reports a secured home-improvement loan that went delinquent and was charged off after the first-lien holder foreclosed.

Report the funded amount as the Original Loan Amount and the remaining principal as the Current Balance.
Do not report the property value or the improvement's cost beyond the amount actually financed.
Do not report as 9A a loan with no security interest; that is Account Type 04.
Do not report as 9A a revolving line secured by the home; that is Account Type 89.
Report the loan every cycle through completion, including any period during which draws are still being made against a fixed contract amount.

A file can be structurally valid and still be wrong. These are the cross-field conditions Account Type Code 9A has to satisfy.

Portfolio Type must be I (Installment), not M (Mortgage), even where the security is a lien on real property.
Because Portfolio Type is I rather than M, the K3 Mortgage Information segment does not apply. Attaching a K3 segment to this Account Type is a segment-versus-portfolio contradiction.
Portfolio Type I requires Terms Duration in months and a populated Scheduled Monthly Payment, and does not use Credit Limit.
Original Loan Amount must be greater than zero and must remain stable for the life of the loan.
Terms Frequency is normally M (Monthly) and must agree with the Scheduled Monthly Payment.
A second borrower on the note ships in a J1 segment when the address matches, or a J2 segment when it does not, with a joint or co-maker ECOA code.
Date of First Delinquency, once set by an uncured missed payment, does not reset if the collateral is later foreclosed by a senior lienholder.
Where a senior lien forecloses and wipes out your security, the resulting deficiency stays on this tradeline with an adjusted balance; opening a new unsecured tradeline for the deficiency double-reports the debt.
Original Charge-Off Amount, if the loan charges off, must be the amount charged off and must not grow with subsequent interest or fees.
Date Closed is populated when the loan is satisfied and the lien released, and must not be earlier than the Date Opened.