ECOA versus WHOSE
Prequals and RMCRs generated by 1 Source Data include ECOA information, in compliance with the Equal Credit Opportunity Act. ECOA codes, used in the ECOA column, indicate the type of account listed.
ECOA codes do not necessarily show who the account belongs to. This information is shown in the WHOSE column. For example, it is possible for a borrower to have joint and/or shared accounts with people other than the spouse on the report. In this case, the ECOA code will indicate a joint or shared account, but the WHOSE column will indicate that the account only belongs to the borrower and not the spouse.
| ECOA codes |
| Letter Code |
Digit Code |
Description |
| A |
3 |
Authorized user of a shared account |
| B |
|
Borrower has sole responsibility |
| C |
|
Co-borrower has sole responsibility |
| I |
1 |
Individual account for applicant's exclusive use |
| J |
2 |
Joint account with contractual responsibility |
| M |
7 |
Co-signer has primary responsibility |
| N |
|
No applicant spouse inquiry was made |
| P |
4 |
Participant in a shared account; cannot be distinguished as codes A[3] or C |
| S |
5 |
Co-signer with no spousal relationship |
| T |
|
Relationship with account terminated |
| U |
0 or 6 |
Undesignated |
| WHOSE codes |
| Code |
Involved Party |
| B |
Borrower |
| C |
Co-borrower |
| J |
Joint; both borrower and coborrower |
|
