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My bank indicated that it would report my loan as delinquent to the credit reporting agency only if my payment was more than 60 days past due, but the bank reported the loan at only 30 days past due. Can the bank do this?

Generally, as long as the information is accurate, the bank can report its experience with your loans to a credit reporting agency at any time. However, if your account agreement states that the bank would not report your account as delinquent until you were more than 60 days past due, the bank should comply with the terms of your account agreement.

Review your account agreement for policies specific to your bank and your account.

Last Reviewed: April 2021

Please note: The terms "bank" and "banks" used in these answers generally refer to national banks, federal savings associations, and federal branches or agencies of foreign banking organizations that are regulated by the Office of the Comptroller of the Currency (OCC). Find out if the OCC regulates your bank. Information provided on should not be construed as legal advice or a legal opinion of the OCC.

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