A lock is provided with a housing, a shackle movably coupled to the housing, and a locking arrangement movable between a locked state and an unlocked state. The lock includes a receiver arranged to receive a remote input signal including at least one authorization code. The lock includes a logic applying arrangement programmed to selectively store at least one access code responsive to a corresponding authorization code received by the receiver and to energize the locking arrangement to move from the locked state to the unlocked state when an authorization code received by the receiver corresponds with one of a set of stored access codes. The locking arrangement is configured to secure the shackle within the housing when the locking arrangement is in the locked state, and the locking arrangement is configured to allow the shackle to move relative to the housing when the locking arrangement is in the unlocked state.