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Business Processes

New Client

Credit Bureau Reporting symbol Credit Bureau Extract Metro 2 Format users.

When a lessee or guarantor is added to LeasePak, either prior to or as part of setting up the lease or loan application.

LeasePak Updates/Processes

  • U0203 Lessee/API
  • U0217 Guarantor/API
  • U0462 Credit Bureau Extract

Relevant LeasePak Interface Fields

  • U0203 Lessee, U0217 Guarantor, or corresponding APIs
    • "Name"
    • "SS/Bus ID"
    • "Birthday"
    • "Bus Phone"
    • "Address 1"
    • "Address 2"
    • "City"
    • "State"
    • "Zip"
    • "Address Type"
    • "Address Status"
    • "Residence Type"
    • "Business Indicator"
Metro 2 Impacted Fields Relevant Code Values
Surname, First Name, Middle Name, Generation Code – User inputs First, Middle, Last Name, and Generation in "Name"; for consumers, LP parses "Name" into component Metro 2 fields; for businesses, places "Name" in Surname unparsed with overflow into First Name, etc. as needed N/A
Social Security Number – User inputs in "SS/Bus ID" N/A
Date of Birth – User inputs in "Birthday" N/A
Telephone Number – User inputs in "Bus Phone" N/A
Country Code – LP determines based on "State" See CRRG for full list of country codes
First Line of Address – User inputs in "Address 1" N/A
Second Line of Address – User inputs in "Address 2" N/A
City – User inputs in "City" N/A
State – User inputs in "State" See CRRG for full list of state codes
Postal/Zip Code – User inputs in "Zip" N/A
Address Indicator – User inputs in "Address Type" and/or "Address Status"; LP reports based on settings between these two fields C – Confirmed/Verified address
Y – Known to be address of primary consumer
N – Not confirmed address
M – Military address
S – Secondary Address
B – Business address — not consumer's residence
U – Non-deliverable address/Returned mail
D – Data reporter’s default address
P – Bill Payer Service — not consumer’s residence
Residence Code – User inputs in "Residence Type" O – Owns
R – Rents

Process Overview

When adding a new lessee or guarantor, the User should input data in accordance with CRRG guidelines and set "Business (Y/N)" to whether client is reportable as a business or a consumer.

U0462 will report using information input into U0203 Lessee/API and U0217 Guarantor/API.

LeasePak User Process

Use interactive U0203 Lessee, interactive U0217 Guarantor, or third-party interface via the corresponding API to enter or set the following:

  • "Name" – For a consumer, enter the full legal name using the following format: First Middle Last Generation
    • For generations 'Junior' and 'Senior', you can abbreviate as 'Jr.', 'Jr', 'Sr.', 'Sr'. For numeric generations, use Roman numerals
    • For a business, enter the full legal business name. Do not place the DBA name in this field. Instead, use the "DBA Name" field for the DBA name
  • "SS/Bus ID" – Enter Social Security Number without hyphens or other punctuation
  • "Birthday" – Enter Date of Birth using MM/DD/YY or DD/MM/YY format, depending on the Date Format Preference in Windows Region and Language Settings
  • "Bus Phone" – Enter Telephone Number without parentheses, hyphens, or other punctuation. International numbers are not supported
  • "Address 1" – Enter First Line of Address. Use this for the client's contractual address, either a street number and street (with possible directional) or a PO Box or rural route with box or route number
  • "Address 2" – Enter Second Line of Address. Use this for the client's contractual address apartment, suite, unit, or private mailbox (PMB) number. Leave blank if not applicable
  • "City" – Enter City. Metro 2 format maximum is 20 characters. For city names longer than 20 characters, either truncate or use standard 13-character U.S. Postal Service city abbreviations
  • "State" – Enter State. Either type in the 2-character state abbreviation or select from the dropdown
  • "Zip" – Enter Postal/Zip Code. Use the 5-character or 9-character format with no spaces or punctuation
  • "Address Type" – Enter any valid Address Indicator except C, N, or U (see next field, "Address Status"). Leave set to 'Z' if unknown or, if applicable to the situation, you are entering N or U in "Address Status". Values and suggested uses are:
    • Y – Known to be address of primary consumer; use this for the main lessee
    • M – Military address; use this for the main lessee or any co-lessee or guarantor
    • S – Secondary Address; use this for a co-lessee or guarantor
    • B – Business address, not consumer's residence; use this for the main lessee or any co-lessee or guarantor
    • D – Data reporter's default address; if using the data reporter's address and setting "Address Type" to D because actual client address is not confirmed, undeliverable, or unknown, User can also enter N or U in "Address Status" (see below) if applicable
    • P – Bill Payer Service, not consumer's residence; use this for the main lessee or any co-lessee or guarantor

    Values based on 2016 CRRG. User should check with most recent CRRG for current list of Address Indicator values.

  • "Address Status" – Enter Address Indicator C, N, or U, if applicable. Leave set to 'Z' if unknown. Values and suggested uses are:
    • C – Confirmed/verified address; use this when the address is confirmed to be a deliverable address belonging to the lessee or when an address has been verified after receiving an address discrepancy notification from a consumer reporting agency

      If you need to reconfirm a previously confirmed address ("Address Status" already set to C), you must first update the lessee or guarantor with "Address Status" set to (blank) or a value other than C, then again set "Address Status" to C. This will indicate to U0462 Credit Bureau Extract to report the C at the end of the current reporting period.

    • N – Not confirmed address; use this when the status of the address is under investigation or if you have received an address discrepancy notification from a consumer reporting agency
    • U – Non-deliverable address/returned mail; use this when you have received notification or otherwise discovered that the address is undeliverable

    Values based on 2016 CRRG. User should check with most recent CRRG for current list of Address Indicator values.

  • "Residence Type" – Select value corresponding to Residence Code:
    • O – Select 'OWN'
    • R – Select 'RENT'
  • "Business Indicator" – Set according to whether the client is reportable as a business or a consumer.
    • Select/check (set to 'Y') if the client is reportable as a business (typically a Corporation, S Corporation, or LLC)
    • Clear/uncheck (set to 'N') if the client is reportable as a consumer (typically an Individual, Sole Proprietorship, or Partnership)