MII Mortgage Insurance Information

To provide the type and extent of mortgage insurance

Position: MII-01 · Element: 1097 · Name: Mortgage Insurance Application Type · Type: Identifier (ID) · Requirement: Mandatory · Min: 1 · Max: 1 · Repeat: -

Code identifying the type of Mortgage Insurance application.

Position: MII-02 · Element: 1098 · Name: Mortgage Insurance Premium Source Code · Type: Identifier (ID) · Requirement: Optional · Min: 1 · Max: 1 · Repeat: -

Code indicating whether Mortgage Insurance premium paid at settlement is financed.

MII02 describes the source of the mortgage insurance premium.

If MII02 = F (Financed), then MII08 is the amount of premium financed.

Position: MII-03 · Element: 1073 · Name: Yes/No Condition or Response Code · Type: Identifier (ID) · Requirement: Optional · Min: 1 · Max: 1 · Repeat: -

Code indicating a Yes or No condition or response.

MII03 defines if mortgage insurance premium is refundable. A "Y" indicates it is. A "N" indicates it is not.

Position: MII-04 · Element: 1099 · Name: Mortgage Insurance Certificate Type Code · Type: Identifier (ID) · Requirement: Optional · Min: 1 · Max: 1 · Repeat: -

Code indicating whether Mortgage Insurance certificate is for primary loan or pool loan or both.

MII04 defines the type of mortgage insurance certificate.

Position: MII-05 · Element: 1100 · Name: Mortgage Insurance Coverage Type Code · Type: Identifier (ID) · Requirement: Optional · Min: 1 · Max: 1 · Repeat: -

Code indicating the nature of the Mortgage Insurance coverage.

MII05 defines the nature of the mortgage insurance coverage.

If MII05 is NOT = 03 (Pool), then MII13 is the percent coverage.

Position: MII-06 · Element: 1105 · Name: Mortgage Insurance Duration Code · Type: Identifier (ID) · Requirement: Optional · Min: 1 · Max: 1 · Repeat: -

Code indicating the method of determining the duration of the initial insurance policy.

MII06 defines the insurance duration code.

Position: MII-07 · Element: 1102 · Name: Mortgage Insurance Renewal Option Code · Type: Identifier (ID) · Requirement: Optional · Min: 1 · Max: 1 · Repeat: -

Code indicating the type of renewal option for Mortgage Insurance.

MII07 defines the method of calculating renewal premiums.

Position: MII-08 · Element: 782 · Name: Monetary Amount · Type: Decimal number (R) · Requirement: Optional · Min: 1 · Max: 15 · Repeat: -

Monetary amount.

Position: MII-09 · Element: 128 · Name: Reference Number Qualifier · Type: Identifier (ID) · Requirement: Conditional · Min: 2 · Max: 2 · Repeat: -

Code qualifying the Reference Number.

P0910: If either MII-09 or MII-10 is present, then the other is required

MII09 defines the reference code for mortgage insuror pool.

Position: MII-10 · Element: 127 · Name: Reference Number · Type: String (AN) · Requirement: Conditional · Min: 1 · Max: 30 · Repeat: -

Reference number or identification number as defined for a particular Transaction Set, or as specified by the Reference Number Qualifier.

MII10 is the value of the mortgage insurance pool identifier.

Position: MII-11 · Element: 235 · Name: Product/Service ID Qualifier · Type: Identifier (ID) · Requirement: Conditional · Min: 2 · Max: 2 · Repeat: -

Code identifying the type/source of the descriptive number used in Product/Service ID (234).

P1112: If either MII-11 or MII-12 is present, then the other is required

MII11 defines the mortgage insurance product code source.

Position: MII-12 · Element: 234 · Name: Product/Service ID · Type: String (AN) · Requirement: Conditional · Min: 1 · Max: 30 · Repeat: -

Identifying number for a product or service.

MII12 is the mortgage insurance product identifier value.

Position: MII-13 · Element: 954 · Name: Percent · Type: Decimal number (R) · Requirement: Optional · Min: 1 · Max: 10 · Repeat: -

Percentage expressed as a decimal

Position: MII-14 · Element: 355 · Name: Unit of Measurement Code · Type: Identifier (ID) · Requirement: Conditional · Min: 2 · Max: 2 · Repeat: -

Code identifying the basic unit of measurement.

P1415: If either MII-14 or MII-15 is present, then the other is required

MII14 defines a period of time.

Position: MII-15 · Element: 380 · Name: Quantity · Type: Decimal number (R) · Requirement: Conditional · Min: 1 · Max: 15 · Repeat: -

Numeric value of quantity.

MII15 defines number of time periods for insurance duration.