Public Record Type and Disposition
The CREDIT_PUBLIC_RECORD
array (a subproperty of CREDIT_RESPONSE
) contains a set of objects that represent the public records that appear on a customer's credit report. Among the properties in a public record object are...
-
The
@_Type
property describes the record's type:Annulment
,BankruptcyChapter11
,ChildSupport
, and so on. -
The
@_DispositionType
describes the status of the record as of the@_DispositionDate
:Appealed
,Cancelled
,Satisfied
, and so on.
For example, here we see a Chapter 13 Bankruptcy record that was satisfied on November 20, 2021:
"CREDIT_PUBLIC_RECORD": [
{
"@CreditPublicRecordID": "PUBREC001",
"@BorrowerID": "Borrower01",
"@_Type": "BankruptcyChapter13", // Public record type
"@_DispositionType": "Satisfied", // Public record disposition (status)
"@_DispositionDate": "2021-11-20",
...
}
]
The values that the @_Type
and @_DispositionType
properties take are described in the following sections. The descriptions are verbatim from the MISMO 2.4 specification.
A public record object also contains a
@_AccountOwnershipType
property; see Account Ownership Type for a list of values that the property takes.
Public Record Types
@_Type | Description |
---|---|
Annulment | A legal decree that states that a marriage was never valid. |
Attachment | The preliminary legal seizure of property to force compliance with a decision which may be obtained in a pending suit. |
BankruptcyChapter11 | Bankruptcy where business assets are kept and creditors are paid according to an approved plan. |
BankruptcyChapter12 | Bankruptcy where a family with regular income keeps their assets and pays creditors according to an approved plan. Usually applies to family farms. |
BankruptcyChapter13 | Bankruptcy where an individual with regular income keeps assets and pays creditors according to an approved plan. |
BankruptcyChapter7 | Bankruptcy where assets are liquidated and the proceeds are distributed to the creditors. |
BankruptcyChapter7Involuntary | no description |
BankruptcyChapter7Voluntary | no description |
BankruptcyTypeUnknown | no description |
ChildSupport | A legal notice specifying payment schedule for support of children involved in a marital separation or divorce. |
Collection | A debt has not been paid according to terms and has been turned over to an agency or attorney to collect the debt from the borrower. |
CustodyAgreement | An agreement has been made or approved by a court regarding custody of children of a separating or divorcing couple. |
DivorceDecree | A legal decree that specifies the terms related to the dissolution of a marriage. |
FamilySupport | A legal notice specifying payment schedule for support of a family involved in a marital separation or divorce. |
FicticiousName | A legal notice announcing the name change of a business or entity. |
FinancialCounseling | Process here debtors make payments to creditors according to a plan arranged by a financial counseling agency. |
FinancingStatement | Also called a UCC-1 from its form number, a statement that contains information about a security interest in collateral used to secure a debt and that is filed to provide notice to other creditors of the security interest. |
ForcibleDetainer | Act of keeping goods or property by force. For example, when a tenant remains in a property after an eviction notice. |
Foreclosure | Process where a lender forces the sale of property to pay off a mortgage. |
Garnishment | Court ordered method of debt collection in which a portion of a persons salary is deducted and paid to a collector. |
Judgment | A final court ruling resolving the key questions in a lawsuit and determining the rights and obligations of the opposing parties. |
LawSuit | A legal action based on a complaint that the defendant failed to perform a legal duty, resulting in harm to the plaintiff. |
Lien | A legal document filed with a court that can force the sale of property if a debt is not paid. |
MechanicsLien | A legal claim placed on real estate by someone who is owed money for labor, services or supplies contributed to the property for purposes of improving it. |
MedicalLien | A legal claim placed on a specific item of property if a medical related debt is not paid. |
NonResponsibility | no description |
NoticeOfDefault | A legal document filed by a lender that a property owner has missed several payments on their loan. |
Other | no description |
PublicSale | Public sale is the term used for the sale of lien property after public notice stating the date, time and location of the sale. |
RealEstateRecording | A notice of the sale or transfer of real estate property. |
Repossession | The act of recovery of goods or chattels for non-payment or property that has been wrongfully detained. |
SpouseSupport | A legal notice specifying payment schedule for support of a spouse involved in a marital separation or divorce. |
SupportDebt | A legal notice specifying payment schedule for support of children or family involved in a marital separation or divorce. |
TaxLienCity | no description |
TaxLienCounty | no description |
TaxLienFederal | no description |
TaxLienOther | no description |
TaxLienState | no description |
Trusteeship | A trusteeship is the appointment of a person who holds title to property for benefit of another. |
Unknown | no description |
UnlawfulDetainer | The act of unlawfully keeping goods or property. For example, a tenant wrongfully remaining in a residence after a valid eviction notice is guilty of an unlawful detainer. |
Disposition Types
@__DispositionType | Description |
---|---|
Adjudicated | Case has been settled by a court. |
Appealed | Application has been made to have a case reviewed by a higher court. |
Cancelled | Case has been revoked or annulled. |
Completed | Terms of a payment plan or agreement have been fulfilled. |
Converted | Bankruptcy has been changed from one type to another, or property has been exchanged for another type of property. |
Discharged | Contract has been canceled or subject has been released from debt. |
Dismissed | Case has been removed from consideration. |
Distributed | Proceeds from a forced sale have been paid to creditors. |
Filed | A case, action or application has been initiated. |
Granted | A request has been agreed to. |
InvoluntarilyDischarged | Contract or debt has been canceled involuntarily. |
Nonadjudicated | no description |
Other | no description |
Paid | Case has been discharged or settled by transfer of money or goods. |
PaidNotSatisfied | no description |
Pending | Case is awaiting a decision or settlement. |
RealEstateSold | Case was settled by selling of real estate property. |
Released | Contract or debt has been canceled. |
Rescinded | Case has been revoked or annulled. |
Satisfied | Declaration by a party in whose favor a judgment was rendered, that he has been paid and satisfied. |
Settled | Parties to a lawsuit have resolved their differences without a trial. |
Unknown | no description |
Unreleased | Contract or debt has not been canceled. |
Unsatisfied | Satisfaction notice has not been filed by party in whose favor a judgment was rendered. |
Vacated | The case has been declared void, set aside. |
VoluntarilyDischarged | Contract or debt has been canceled voluntarily. |
Withdrawn | The case has been removed from consideration by the court. |
A public record object also contains a
@_AccountOwnershipType
property; see Account Data Basics: Account Ownership for a list of values that the property takes.
Updated about 1 year ago