Field 34OptionalAccount Information

    Metro 2 Field 34: Consumer Transaction Type

    Indicates whether the account involves a new purchase, refinance, or other transaction type.

    Quick Reference

    Field Number:34
    Position:219-219
    Length:1 characters
    Type:code
    Record:Base Segment
    Required:No

    Allowed Values

    ValueMeaning
    Not applicable/unknown
    1New account
    2Refinanced
    3Assumed

    Validation Rules

    • Must be valid transaction type if provided

    Examples

    12

    Common Errors

    • Using wrong code for refinanced accounts

    Tips & Best Practices

    • Use '2' when refinancing existing debt
    • Helps distinguish new credit from restructured credit

    Related Fields

    11
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    15
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    Other Account Information

    17AAccount Status27Terms Duration28Terms Frequency15Account Type14Portfolio Type10ECOA Code

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