605 Deficiency Judgement Code

Code identifying the deficiency judgement

Type
Identifier (ID)
Length
Min 1 / Max 2
Codes
CodeDescription
1Deficiency Judgment Authorized by Mortgage Insurer but Not Obtained
A judgment sought unsuccessfully by the mortgagee from the court, with the authorization and approval of the mortgage insurer, against a mortgagor to attach the mortgagor's assets for repayment on the mortgage in default
2Deficiency Judgment Obtained but Not Authorized by Mortgage Insurer
A judgment not authorized or approved by the insurer of the mortgage but successfully obtained from the court by the mortgagee against a mortgagor to attach the mortgagor's assets for repayment on the mortgage in default
3Deficiency Judgment Authorized by Mortgage Insurer and Obtained
A judgment successfully obtained from the court by a mortgagee with the authorization and approval of the mortgage insurer against the mortgagor to attach the mortgagor's assets for repayment on the mortgage in default
4Deficiency Judgment Not Authorized by Mortgage Insurer and Not Obtained
A judgment that was not authorized by the mortgage insurer and was not obtained by the mortgagee

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