LN Loan Information
To specify information about the loan
Reference information as defined for a particular Transaction Set or as specified by the Reference Identification Qualifier
LN01 is the loan number.
LN02 is the account balance.
Code indicating the date format, time format, or date and time format
P0304: If either LN-03 or LN-04 is present, then the other is required
Expression of a date, a time, or range of dates, times or dates and times
LN04 is the date of the loan.
Code indicating frequency or type of payment
P0506: If either LN-05 or LN-06 is present, then the other is required
LN05 is the payment frequency.
LN06 is the payment amount.
Percentage expressed as a decimal
LN07 is the interest rate of the loan.
Code indicating a Yes or No condition or response
LN08 designates whether this is an open or closed end loan. A "Y" designates an open end loan; an "N" designates a closed end loan.
Code identifying the reason the loan is needed