LN2 Existing Real Estate Loan Specific Data

To provide specific information about a real estate loan

Position: LN2-01 · Element: 1101 · Name: Lien Priority Code · Type: Identifier (ID) · Requirement: Mandatory · Min: 1 · Max: 1 · Repeat: 1

Code identifying the rights and relationship of a loan to any other loan secured by the same property

Position: LN2-02 · Element: 1093 · Name: Real Estate Loan Type Code · Type: Identifier (ID) · Requirement: Mandatory · Min: 1 · Max: 1 · Repeat: 1

Code identifying the loan product category

Position: LN2-03 · Element: 954 · Name: Percent · Type: Decimal number (R) · Requirement: Conditional · Min: 1 · Max: 10 · Repeat: 1

Percentage expressed as a decimal

P0304: If either LN2-03 or LN2-04 is present, then the other is required

LN203 is the current loan note rate.

Position: LN2-04 · Element: 594 · Name: Frequency Code · Type: Identifier (ID) · Requirement: Conditional · Min: 1 · Max: 1 · Repeat: 1

Code indicating frequency or type of activities or actions being reported

LN204 is the period type for payment frequency.

Position: LN2-05 · Element: 1085 · Name: Loan Payment Type Code · Type: Identifier (ID) · Requirement: Optional · Min: 2 · Max: 2 · Repeat: 1

Code identifying the nature of loan payment

Position: LN2-06 · Element: 1073 · Name: Yes/No Condition or Response Code · Type: Identifier (ID) · Requirement: Optional · Min: 1 · Max: 1 · Repeat: 1

Code indicating a Yes or No condition or response

LN206 defines whether the loan is assumable. A "Y" indicates it is; an "N" indicates it is not.

Position: LN2-07 · Element: 1080 · Name: Assumption Terms Code · Type: Identifier (ID) · Requirement: Optional · Min: 1 · Max: 1 · Repeat: 1

Code indicating the terms for loan assumption

Position: LN2-08 · Element: 93 · Name: Name · Type: String (AN) · Requirement: Optional · Min: 1 · Max: 60 · Repeat: 1

Free-form name

LN208 is the lender's name.

LN2-09 C040 Reference Identifier Composite (composite) Optional 1

Position: 01 · Element: 128 · Name: Reference Identification Qualifier · Type: Identifier (ID) · Requirement: Mandatory · Min: 2 · Max: 3 · Repeat: -

Code qualifying the Reference Identification

Position: 02 · Element: 127 · Name: Reference Identification · Type: String (AN) · Requirement: Mandatory · Min: 1 · Max: 50 · Repeat: -

Reference information as defined for a particular Transaction Set or as specified by the Reference Identification Qualifier

Position: 03 · Element: 128 · Name: Reference Identification Qualifier · Type: Identifier (ID) · Requirement: Conditional · Min: 2 · Max: 3 · Repeat: -

Code qualifying the Reference Identification

P0304: If either C040-03 or C040-04 is present, then the other is required

Position: 04 · Element: 127 · Name: Reference Identification · Type: String (AN) · Requirement: Conditional · Min: 1 · Max: 50 · Repeat: -

Reference information as defined for a particular Transaction Set or as specified by the Reference Identification Qualifier

Position: 05 · Element: 128 · Name: Reference Identification Qualifier · Type: Identifier (ID) · Requirement: Conditional · Min: 2 · Max: 3 · Repeat: -

Code qualifying the Reference Identification

P0506: If either C040-05 or C040-06 is present, then the other is required

Position: 06 · Element: 127 · Name: Reference Identification · Type: String (AN) · Requirement: Conditional · Min: 1 · Max: 50 · Repeat: -

Reference information as defined for a particular Transaction Set or as specified by the Reference Identification Qualifier

Position: LN2-10 · Element: 673 · Name: Quantity Qualifier · Type: Identifier (ID) · Requirement: Conditional · Min: 2 · Max: 2 · Repeat: 1

Code specifying the type of quantity

Position: LN2-11 · Element: 380 · Name: Quantity · Type: Decimal number (R) · Requirement: Optional · Min: 1 · Max: 15 · Repeat: 1

Numeric value of quantity

C1110: If LN2-11 is present, then LN2-10 is required

LN211 is the initial term of the loan.

Position: LN2-12 · Element: 380 · Name: Quantity · Type: Decimal number (R) · Requirement: Optional · Min: 1 · Max: 15 · Repeat: 1

Numeric value of quantity

C1210: If LN2-12 is present, then LN2-10 is required

LN212 is the remaining term of the loan.