EDI 266 Mortgage Record Change

Functional Group MG

X12F Finance Subcommittee

This Draft Standard for Trial Use contains the format and establishes the data contents of the Mortgage Record Change Transaction Set (266) for use within the context of an Electronic Data Interchange (EDI) environment. This transaction set can be used by mortgage lenders to inform mortgage insurers of mortgage loan record changes. This transaction set allows all notifications involving the sale of mortgages and updates to mortgage portfolios as a result of mortgage loan activities, such as mortgage assumptions, and transfers.

Heading

1. 010 · ST · Transaction Set Header · Max 1 · Mandatory

   To indicate the start of a transaction set and to assign a control number

2. 020 · BGN · Beginning Segment · Max 1 · Mandatory

   To indicate the beginning of a transaction set

   BGN indicates whether the set is an original or a corrected and verified transmission.

3. 0100 Loop Mandatory Repeat >1

   1. 030 · N1 · Name · Max 1 · Mandatory

      To identify a party by type of organization, name, and code

      Loop 0100 provides information on the principal parties of this transaction, such as the sending and receiving parties.

   2. 040 · N2 · Additional Name Information · Max 1 · Optional

      To specify additional names or those longer than 35 characters in length

   3. 050 · N3 · Address Information · Max 2 · Optional

      To specify the location of the named party

   4. 060 · N4 · Geographic Location · Max 1 · Optional

      To specify the geographic place of the named party

   5. 070 · PER · Administrative Communications Contact · Max 2 · Optional

      To identify a person or office to whom administrative communications should be directed

   6. 080 · REF · Reference Identification · Max >1 · Optional

      To specify identifying information

Detail

1. 0200 Loop Mandatory Repeat >1

   1. 010 · LX · Assigned Number · Max 1 · Mandatory

      To reference a line number in a transaction set

      Loop 0200 contains group level reporting information.

   2. 020 · API · Activity or Process Information · Max 2 · Optional

      To provide information on activity or process

      API indicates the reporting type.

   3. 030 · DTP · Date or Time or Period · Max >1 · Optional

      To specify any or all of a date, a time, or a time period

   4. 040 · QTY · Quantity · Max 2 · Optional

      To specify quantity information

   5. 050 · AMT · Monetary Amount · Max 1 · Optional

      To indicate the total monetary amount

   6. 0210 Loop Optional Repeat >1

      1. 060 · N1 · Name · Max 1 · Mandatory

         To identify a party by type of organization, name, and code

         Loop 0210 identifies the parties involved in the reporting process.

      2. 070 · N2 · Additional Name Information · Max 1 · Optional

         To specify additional names or those longer than 35 characters in length

      3. 080 · N3 · Address Information · Max 2 · Optional

         To specify the location of the named party

      4. 090 · N4 · Geographic Location · Max 1 · Optional

         To specify the geographic place of the named party

      5. 100 · REF · Reference Identification · Max 2 · Optional

         To specify identifying information

      6. 110 · PER · Administrative Communications Contact · Max 2 · Optional

         To identify a person or office to whom administrative communications should be directed

   7. 0220 Loop Mandatory Repeat >1

      1. 120 · N9 · Reference Identification · Max 1 · Mandatory

         To transmit identifying information as specified by the Reference Identification Qualifier

         Loop 0220 contains mortgage loan detail level information.

      2. 0221 Loop Optional Repeat >1

         1. 130 · NM1 · Individual or Organizational Name · Max 1 · Mandatory

            To supply the full name of an individual or organizational entity

            Loop 0221 contains information on the individual or parties associated with the loan.

         2. 140 · N2 · Additional Name Information · Max 1 · Optional

            To specify additional names or those longer than 35 characters in length

         3. 150 · N3 · Address Information · Max 2 · Optional

            To specify the location of the named party

         4. 160 · N4 · Geographic Location · Max 1 · Optional

            To specify the geographic place of the named party

         5. 170 · PER · Administrative Communications Contact · Max 2 · Optional

            To identify a person or office to whom administrative communications should be directed

         6. 180 · REF · Reference Identification · Max >1 · Optional

            To specify identifying information

      3. 0222 Loop Mandatory Repeat >1

         1. 190 · API · Activity or Process Information · Max 1 · Mandatory

            To provide information on activity or process

            Loop 0222 contains loan specific details, identifies the property associated with a mortgage loan, and loan handling information.
            API identifies the status of a specific loan or actions to be taken towards the loan.

         2. 200 · N3 · Address Information · Max 2 · Optional

            To specify the location of the named party

         3. 210 · N4 · Geographic Location · Max 1 · Optional

            To specify the geographic place of the named party

         4. 220 · DTP · Date or Time or Period · Max >1 · Optional

            To specify any or all of a date, a time, or a time period

         5. 230 · REF · Reference Identification · Max >1 · Optional

            To specify identifying information

         6. 240 · CRC · Conditions Indicator · Max 10 · Optional

            To supply information on conditions

         7. 250 · QTY · Quantity · Max 1 · Optional

            To specify quantity information

         8. 260 · AMT · Monetary Amount · Max 1 · Optional

            To indicate the total monetary amount

         9. 270 · INT · Interest · Max 1 · Optional

            To specify interest rate and type and the applicable time period

         10. 280 · PCT · Percent Amounts · Max 1 · Optional

             To qualify percent amounts and supply percent amounts

         11. 290 · NTE · Note/Special Instruction · Max 100 · Optional

             To transmit information in a free-form format, if necessary, for comment or special instruction

2. 300 · SE · Transaction Set Trailer · Max 1 · Mandatory

   To indicate the end of the transaction set and provide the count of the transmitted segments (including the beginning (ST) and ending (SE) segments)