"Derogatory public record or collection"

By Ziya Y. · 23 Years Banking · FRC Denial Code Intelligence

📋 This is typically an AGENCY RULE — you may need to address the underlying issue.

What This Code Means

Bankruptcy, judgments, tax liens, or collections on your credit report.

Your Action Plan

Timing matters. FHA requires: Chapter 7 bankruptcy — 2 years discharged. Chapter 13 — 1 year of payments. Collections: depends on type and amount. Some lenders add stricter waiting periods (overlay).

FRC Tools for This Denial Code

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