H Appendix : Specialized Payment Information Reporting
Following are the steps involved in specialized payment information reporting for an account and reporting the same in Metro II reporting file.
CARES Act requires the facility to report the account under FAQ 44 (Deferred payment) or FAQ 45 (Forbearance) or FAQ 58 (Natural Disaster), as per the guidance from CDIA.
- If Portfolio Type = ‘I’ and ‘C’ – it is allowed
- Specialized Payment Indicator = 02
- Deferred Payment Start Date = Date, the first payment is due for deferred loans
To report the K4 segment, user has to configure and system reports based on specific event as follows:
- Post the following call activities based on the Account Event Notification
- For Forbearance
Table H-1 Post Call Activities - For Forbearance
Action QR QUEUE/CONDITION REQUEST QR Result OSPCC [OPEN OSPCC] Forbearance Condition NONE – if account doesn’t have an active SPCC condition
SPCC – If account has active SPCC condition
NONE Reason CP Null - For Natural Disaster
Table H-2 Post Call Activities - For Natural Disaster
Action QR QUEUE/CONDITION REQUEST Result OSPCC [OPEN OSPCC] Condition NONE – if account doesn’t have an active SPCC condition
SPCC – If account has active SPCC condition
Reason AW - For Deferred Payment
Table H-3 Post Call Activities - For Deferred Payment
Action QR QUEUE/CONDITION REQUEST QR Result DP Deferred Payment Condition NONE NONE Reason <Null> Null
Affected by natural or declared disaster [FAQ 58]
Reports account with Special Comment Code “AW” (Affected by natural or declared disaster).
If the Account has Natural Disaster & Differed Payment condition and SPCC code is reporting as ‘AW’.
Table H-4 Affected by natural or declared disaster [FAQ 58]
| Metro II Fields | Metro II File Data |
|---|---|
| Terms Duration | blank |
| Terms Frequency | D |
| Scheduled Monthly Payment Amount | Zero |
| Account Status Code | 11 |
| Amount Past Due | Zero |
| Special Comment Code | AW |
| Payment History Profile | Use Character D for the months where payments are deferred. |
| K4 segment |
Introduce and report following Specialized Payment Indicator = 02 Deferred Payment Start Date = Special Category Start date in MMDDYYYY Balloon Payment Due Date = Null Balloon Payment Amount = 0 |
Note:
If account is having only Natural Disaster / AW, then it reports as existing.Account in forbearance [FAQ 45]
If the account has CP Special comment code and marked as ‘Account in Special Category’ then, Reports account with Special Comment Code “CP” (Account in forbearance).
If the Account has SPCC condition and SPCC code is reporting as ‘CP’
Table H-5 Account in forbearance [FAQ 45]
| Metro II Fields | Metro II File Data |
|---|---|
| Terms Duration |
Blank→ if ‘Scheduled Monthly Pmt is zero’ else actual account term |
| Terms Frequency |
D →if ‘Scheduled Monthly Pmt is zero’ else actual account term |
| Payment History Profile | Increment the Payment History Profile with value D if ‘Scheduled Monthly Pmt is zero’ |
| Special Comment Code | CP |
| K4 segment |
Introduced and reports as follows: Specialized Payment Indicator = 02 Deferred Payment Start Date = Forbearance condition Start date in MMDDYYYY Balloon Payment Due Date = Null Balloon Payment Amount = 0 |
Account in Deferral Payment [FAQ 44]
If the account marked as ‘Account in Special Category’ and having ‘Deferred Payment’ condition, Reports the following fields as:
Table H-6 Account in Deferral Payment [FAQ 44]
| Metro II Fields | Metro II File Data |
|---|---|
| Terms Duration | Blank |
| Terms Frequency | D |
| Scheduled Monthly Payment Amount | 0 |
| Account Status | 11 |
| Payment History Profile | Increment the Payment History Profile with value D |
| Amount Past Due | Zero |
| K4 segment |
Introduced to report following K4 segment Specialized Payment Indicator = 02 Deferred Payment Start Date = Deferred Payment condition Start date in MMDDYYYY Balloon Payment Due Date = Null Balloon Payment Amount = 0 |
Table H-7 Reporting Guide Lines
| Account Condition | SPCC Code | Guidelines |
|---|---|---|
| Natural Disaster | AW | No change |
| Natural Disaster + Deferral Payment | AW | FAQ 58 |
| Forbearance | CP | FAQ 45 |
| Forbearance + Deferral Payment | ||
| Deferral Payment | NA | FAQ 44 |