Decision

Uses the Component:DecisionType

The Decision component describes the response to the credit application. This component provides complete information about the lender’s terms and conditions regarding the credit request.

Fields and Components

Table 6.99. Fields and Components

Name Description Occurrence Type Data Type User Notes
ConditionRejection

Describes the reasons for which an application was denied.

0..*ComponentConditionRejectionType 
UpdateHistory

Communicates the modification history of the application.

0..*ComponentUpdateHistoryType 
SubmittedDateTime

Date and time the application was submitted

0..1Field udt:DateTimeType  
DecisionDateTime

Date and time a decision was made on the application.

1..1Field udt:DateTimeType  
ElapsedTimeToDecision

Date a decision was made on the application.

0..1Field udt:TextType  
ElectronicApprovalIndicator

Indicates the application has been electronically approved.

0..1Field udt:IndicatorType  
EvaluationIndicator

Indicates whether the deal may be modified.

0..1Field udt:IndicatorType  
LeaseMessage

Message to Dealer regarding the assignment of lease or transfer of equity.

0..1Field udt:TextType  
ContractPurchaseDate

The date the contract was accepted by the Finance Source.

0..1Field udt:DateType  
Financing

Represents information on the financing for the vehicle the applicant is interested in.

0..1ComponentFinancingABIEType 
CreditAnalystName

Indicates the name of the analyst responsible for rendering the decision.

0..1Field udt:NameType  
CreditAnalystInitialsName

Indicates the initials of the analyst responsible for rendering the decision.

0..1Field udt:NameType  
CreditAnalystComments

Free form text area for credit analyst to provide general comments about the decision.

0..1Field udt:TextType  
CreditSupervisorComments

Free form text area for credit supervisor to provide general comments about the decision.

0..1Field udt:TextType  
BranchManagerComments

Free form text area for branch manager to provide general comments about the decision

0..1Field udt:TextType  
BranchOperationManagerComments

Free form text area for branch operation manager to provide general comments about the decision.

0..1Field udt:TextType  
DealerComments

Free form text area for dealer comments about the decision.

0..1Field udt:TextType  
TierCode

The loan tier as provided by the credit analyst.

0..1Field udt:CodeType  
TierDescription

Free form text field describing the type of tier.

0..*Field udt:TextType  
SubprimeSendIndicator

Indicates if the application is being forwarded to a subprime lender.

0..1Field udt:IndicatorType  
TransferOfObligation

Free form text field Indicating a transfer of obligation from one consumer to another or one business to another.

0..1Field udt:TextType  
Stipulations

Free form text identifying the terms or conditions of the loan.

0..*Field udt:TextType  
NonFinancialRequirements

Stipulations or comments to dealer of a non-financial nature.

0..1Field udt:TextType  
DecisionComments

Free form text field for commentsassociated with the decision.

0..*Field udt:TextType  
DecisionVehicle

Represents the vehicle approved for credit by finance source.

0..1ComponentVehicleABIEType 

Sample XML

The XML Sample provided here is an approximation of the generated XML for this component. Not all of the fields are required for implementation.

Example 6.99. Decision

<Decision>
     <ConditionRejection>......</ConditionRejection>     [0..*]
     <UpdateHistory>......</UpdateHistory>     [0..*]
     <SubmittedDateTime>......</SubmittedDateTime>     [0..1]
     <DecisionDateTime>......</DecisionDateTime>     [1..1]
     <ElapsedTimeToDecision>......</ElapsedTimeToDecision>     [0..1]
     <ElectronicApprovalIndicator>......</ElectronicApprovalIndicator>     [0..1]
     <EvaluationIndicator>......</EvaluationIndicator>     [0..1]
     <LeaseMessage>......</LeaseMessage>     [0..1]
     <ContractPurchaseDate>......</ContractPurchaseDate>     [0..1]
     <Financing>......</Financing>     [0..1]
     <CreditAnalystName>......</CreditAnalystName>     [0..1]
     <CreditAnalystInitialsName>......</CreditAnalystInitialsName>     [0..1]
     <CreditAnalystComments>......</CreditAnalystComments>     [0..1]
     <CreditSupervisorComments>......</CreditSupervisorComments>     [0..1]
     <BranchManagerComments>......</BranchManagerComments>     [0..1]
     <BranchOperationManagerComments>......</BranchOperationManagerComments>     [0..1]
     <DealerComments>......</DealerComments>     [0..1]
     <TierCode>......</TierCode>     [0..1]
     <TierDescription>......</TierDescription>     [0..*]
     <SubprimeSendIndicator>......</SubprimeSendIndicator>     [0..1]
     <TransferOfObligation>......</TransferOfObligation>     [0..1]
     <Stipulations>......</Stipulations>     [0..*]
     <NonFinancialRequirements>......</NonFinancialRequirements>     [0..1]
     <DecisionComments>......</DecisionComments>     [0..*]
     <DecisionVehicle>......</DecisionVehicle>     [0..1]
</Decision>