The following table lists the Equal Credit Opportunity Act (ECOA) codes that Latitude by Genesys supports.
Individual: Party has contractual responsibility for the account and has primary responsibility for its payment.
Joint Contractual Liability: Party signed an agreement to repay all debts arising on the account. There are other parties associated to the account who could have contractual responsibility.
Authorized User: Party is an authorized user of the account; another party has contractual responsibility.
Co-maker or Guarantor: Party guaranteed the account and assumes responsibility for the account if the maker defaults.
Maker: Party is responsible for the account; a cosigner guaranteed the account.
Terminated: Party is no longer associated to the account; do not report.
Business/Commercial: Account is for a company.
Deceased: Party is deceased. There could be other parties associated to the account.
Delete: Party reported in error; delete the party from the reporting file.