Business Processes
Client Added to Contract
Credit Bureau Extract Metro 2 Format users.
When a co-lessee or guarantor is added to a lease or loan after booking.
LeasePak Updates/Processes
- U0240 Credit Bureau Client/API
- U0462 Credit Bureau Extract
Relevant LeasePak Interface Fields
- U0240 Credit Bureau Lease/API
- "Co-lessee"
- "Guarantor"
| Metro 2 Impacted Fields | Relevant Code Values |
|---|---|
| ECOA Code – LP will begin reporting appropriate value |
2 – Joint Contractual Liability 5 – Co-maker or Guarantor W – Business/Commercial |
Process Overview
When the User adds a co-lessee or guarantor to a lease or loan after booking through U0240 Credit Bureau Client/API, LP begins reporting ECOA as either 2, 5, or W.
LeasePak User Process
Use interactive U0240 Credit Bureau Client or third-party interface via API to:
- Enter a client number in "Co-lessee" or "Guarantor" or click
to search - Click Attach Co-lessee or Attach Guarantor, then click Save to complete
Business Processes |
Appendix
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The information contained in this document is the sole property of NETSOL Technologies, Inc. Use of the information contained herein is restricted. Conditions of use are subject to change without notice. NETSOL Technologies, Inc. assumes no liability for any inaccuracy that may appear in this document nor does it have the obligation to update any of the information contained herein; the contents of this document do not constitute a promise or warranty. The software described in this document is furnished under license and may be used or copied only in accordance with the terms of said license. Unauthorized use, alteration, or reproduction of this document without the written consent of NETSOL Technologies, Inc. is prohibited.