Metro 2 Special Comment Code O: Transferred

Specification

Code	O
Meaning	Transferred
Field	Special Comment (Field 31)
Record	Base Segment
Length / position	2 chars · 213–214
Category	Transfers, Refinances and Replacements
CRRG reference	CRRG Exhibits 6 & 7 (Special Comment Codes)

The source lists H and O together on one row with the identical printed comment "Transferred", and gives no rule for choosing between them. This library publishes both and does not manufacture a difference the source does not state. Ask your bureau contact which code they expect.
O ends the transferring furnisher's reporting of the account, the same way H does.
O does NOT mean the account was paid, settled, or closed for cause.
O does NOT authorize the receiving party to re-age the account. The history and the Date of First Delinquency travel with the obligation.
For a move between offices of the same organization, AN is more specific than either transfer code.

1A finance company assigns a block of contracts to a purchaser and stops reporting them in the cycle of assignment.
2A servicer transfers a loan portfolio at a scheduled boarding date and closes out its reporting.
3A lender moves a defaulted account to an outside party that will furnish it going forward.
4An institution winding down a product line transfers the remaining accounts to another furnisher.

Report O in the cycle the transfer takes effect and then stop updating the tradeline.
Coordinate the hand-off date with the receiving party so there is no month where both furnish the same live account.
Do not use a transfer comment to close out an account you actually charged off or sold to a collection buyer without reporting that event accurately.
Confirm which transfer code your bureau contact expects rather than choosing between H and O arbitrarily.
Use AN when the account moved within your own organization.

A file can be structurally valid and still be wrong. These are the cross-field conditions Special Comment Code O has to satisfy.

Account Status 05 (transferred to another office) is the usual partner status on the final record from the transferring furnisher.
A K2 Purchased From/Sold To Segment identifies the counterparty on a sale or assignment.
Date Opened, Date of First Delinquency, and the Payment History Profile carry forward to the receiving party without change.
Current Balance on the transferring furnisher's final record should reflect the balance handed off, not a payoff by the consumer.
The receiving tradeline should not duplicate the transferring one; only one live tradeline per obligation.