Check Digit Tool for ULIs

Posted By: hiphiphmda

Check Digit Tool for ULIs - 05/25/18 07:42 PM

Has anyone used the check digit tool from the CFPB's website? I have a handful of loans that were done on an old loan platform that did not generate a ULI. Is it acceptable to use the tool to generate a ULI?
Posted By: Cliff Johnson

Re: Check Digit Tool for ULIs - 05/25/18 08:07 PM

I've used it. Can't think of any reason why it would not be acceptable.
Posted By: rlcarey

Re: Check Digit Tool for ULIs - 05/25/18 08:18 PM

The check digit is calculated using a standard formula. Whatever tool you use should give you the same result.