Developed in collaboration with the Metro 2® Format Task Force, which includes experienced representatives from Equifax, Experian, Innovis, and TransUnion, the Metro 2® Webinar: Retirement of Account Status 05 (Transferred) discusses how accounts that are transferred internally or to a servicer should be reported, as reflected in the 2022 Credit Reporting Resource Guide®.
The reporting of accurate data is an essential obligation of data furnishers under the Fair Credit Reporting Act. Account Status 05 was retired for Credit Reporting in April 2022.