LN2 Existing Real Estate Loan Specific Data
To provide specific information about a real estate loan
Position
Element
Name
Type
Requirement
Min
Max
Repeat
Code identifying the rights and relationship of a loan to any other loan secured by the same property
Code identifying the loan product category
Percentage expressed as a decimal (e.g., 0.0 through 1.0 represents 0% through 100%)
P0304: If either LN2-03 or LN2-04 is present, then the other is required
LN203 is the current loan note rate.
Code indicating frequency or type of activities or actions being reported
LN204 is the period type for payment frequency.
Code identifying the nature of loan payment
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.
Code indicating the terms for loan assumption
Free-form name
LN208 is the lender's name.
Code identifying the Reference Identification
Reference information as defined for a particular Transaction Set or as specified by the Reference Identification Qualifier
Code identifying the Reference Identification
P0304: If either C040-03 or C040-04 is present, then the other is required
Reference information as defined for a particular Transaction Set or as specified by the Reference Identification Qualifier
Code identifying the Reference Identification
P0506: If either C040-05 or C040-06 is present, then the other is required
Reference information as defined for a particular Transaction Set or as specified by the Reference Identification Qualifier
Code specifying the type of quantity
Numeric value of quantity
C1110: If LN2-11 is present, then LN2-10 is required
LN211 is the initial term of the loan.
Numeric value of quantity
C1210: If LN2-12 is present, then LN2-10 is required
LN212 is the remaining term of the loan.