63Closed/Paid Accounts
Status Code 63: Paid - Repossession
Account paid in full after repossession of collateral
Overview
- Used when account is satisfied after involuntary repossession
- Indicates deficiency balance was paid after collateral sale
- More negative than voluntary surrender status
- Shows account ultimately resolved despite repossession
Common Use Cases
- 1Vehicle repossessed and sold, consumer paid remaining balance
- 2Equipment reclaimed, deficiency balance paid by consumer
- 3Secured loan resolved after collateral liquidation
Reporting Guidelines
- Report zero balance after full satisfaction
- Maintain accurate Date of First Delinquency
- Include repossession date in account history
Other Closed/Paid Accounts
See status code 63 in a real Metro 2 file
Drop your own .dat file into the free in-browser viewer to inspect every record tagged with status 63. Nothing is uploaded — your file stays on your device.
Need help with Metro 2 reporting?
Metro2 software automatically validates status codes and ensures your credit reporting is compliant.