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X12 Release 4020
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X12 Release 4020
Elements
1086 Loan Rate Type Code
1086
Loan Rate Type Code
Code indicating the characteristics of the loan rate
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Type
Identifier (ID)
Length
Min 1 / Max 1
Codes
Code
Description
1
Fixed
2
Adjustable or Variable
3
Student Loan Split
One time changing rate
4
Student Loan Variable
Annually changing rate
5
Simple
6
Compound
7
Discount