Ch 5 Exhibit 10

The video summarizes Exhibit 10 from Chapter 5 of the Metro 2 Credit Reporting Resource Guide, aiding readers in using Metro 2 to accurately read credit reports, identify errors, and draft dispute letters to consumer reporting agencies (CRAs). Exhibit 10 lists Equal Credit Opportunity Act (ECOA) codes, which Metro 2 aligns with alongside the FCRA and other laws. These codes, used in Base Segment Field #37, J1 Segment Field #10, and J2 Segment Field #10 (Chapter 4), define relationships between the primary consumer (Base Segment), co-consumers at the same address (J1), and those at different addresses (J2)—e.g., joint account, authorized user.

These codes ensure ECOA compliance; errors like a missing or incorrect code (e.g., "joint" misreported as "individual") can be disputed as violations of Metro 2’s standard, providing grounds for dispute letters to CRAs to enforce accurate reporting of consumer relationships.