LN Loan Information

To specify information about the loan

Position
Element
Name
Type
Requirement
Min
Max
Repeat
LN-01
Reference Identification
String (AN)
Mandatory
1
30
-
Reference information as defined for a particular Transaction Set or as specified by the Reference Identification Qualifier
LN01 is the loan number.
LN-02
Monetary Amount
Decimal number (R)
Mandatory
1
15
-
Monetary amount
LN02 is the account balance.
LN-03
Date Time Period Format Qualifier
Identifier (ID)
Conditional
2
3
-
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
LN-04
Date Time Period
String (AN)
Conditional
1
35
-
Expression of a date, a time, or range of dates, times or dates and times
LN04 is the date of the loan.
LN-05
Frequency Code
Identifier (ID)
Conditional
1
1
-
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.
LN-06
Monetary Amount
Decimal number (R)
Conditional
1
15
-
Monetary amount
LN06 is the payment amount.
LN-07
Percent
Decimal number (R)
Optional
1
10
-
Percentage expressed as a decimal
LN07 is the interest rate of the loan.
LN-08
Yes/No Condition or Response Code
Identifier (ID)
Optional
1
1
-
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.
LN-09
Loan Purpose Code
Identifier (ID)
Optional
2
2
-
Code identifying the reason the loan is needed

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