Permissible Purpose Codes
As part of the FCRA regulations, a 2-digit permissible purpose code is required to specify the reason for retrieving a consumer’s credit decisioning report.
Pass one of the following codes as the value for the purpose parameter in the get report API call.
|
Permissible Purpose |
Description |
Code |
|
Account review |
Review account performance. |
99 |
|
Eligibility for government benefits |
Determining eligibility for a government license or benefit required by law to consider an applicant’s financial responsibility or status. |
8J |
|
Extension of credit |
Lending-based assessment for all loan types: mortgage, auto, HELOC, installment, and more. |
31 |
|
Legitimate business need – tenant screening |
Property rental financial assessment. |
1B |
|
Written instruction – prequalification |
Evaluation of an application’s profile to determine which lending or screening offers their quality to receive. |
3F |
|
Written instruction – personal guarantor |
Non-commercial lending assessment. |
10 |