1408 Remittance Type Code

Code identifying the type of remittance

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Type
Identifier (ID)
Length
Min 2 / Max 2
Codes
CodeDescription
01Actual Principal Actual Interest Remittance
Remittance of actual interest collected and actual principal collected
02Scheduled Interest Actual Principal Remittance
Remittance of the scheduled interest and actual principal collected
03Scheduled Principal Scheduled Interest Remittance
Remittance of the scheduled interest and scheduled principal
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