IBA Compliance Connection

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I have a HMDA question on reporting a credit score of “NA.” When I use the code “7777” and use the agency that provides the score (such as Transunion), I receive a Quality Edit Error. How should we be coding these credit scores?

Jan 16, 2019

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According to the CFPB’s filing instructions guide, “8888” is the entry that should be used when the credit score is not applicable (NA). The “7777” entry is intended for a credit score that is not a number.

For resources related to our guidance, please see:

CFPB, Filing Instructions Guide for HMDA Data Collected in 2018, page 44 (Code descriptions for the “Credit Score of Applicant or Borrower” data field: “7777. Credit score is not a number; 8888. Not applicable.”)