MII Mortgage Insurance Information

To provide the type and extent of mortgage insurance

Position
Element
Name
Type
Requirement
Min
Max
Repeat
MII01
Mortgage Insurance Application Type
Identifier (ID)
Mandatory
1
1
1
Code identifying the type of Mortgage Insurance application
MII02
Mortgage Insurance Premium Type Code
Identifier (ID)
Optional
1
1
1
Code indicating the type of the initial mortgage insurance premium
MII02 describes the source of the mortgage insurance premium.
If MII02 equals "F" (Financed), then MII08 is the amount of premium financed.
MII03
Yes/No Condition or Response Code
Identifier (ID)
Optional
1
1
1
Code indicating a Yes or No condition or response
MII03 defines if mortgage insurance premium is refundable. A "Y" indicates it is refundable; an "N" indicates it is not.
MII04
Mortgage Insurance Certificate Type Code
Identifier (ID)
Optional
1
1
1
Code indicating whether Mortgage Insurance certificate is for primary loan or pool loan or both
MII04 defines the type of mortgage insurance certificate.
MII05
Mortgage Insurance Coverage Type Code
Identifier (ID)
Optional
1
1
1
Code indicating the nature of the Mortgage Insurance coverage
MII05 defines the nature of the mortgage insurance coverage.
If MII05 is NOT equal to "03" (Pool), then MII13 is the percent coverage.
MII06
Mortgage Insurance Duration Code
Identifier (ID)
Optional
1
1
1
Code indicating the method of determining the duration of the initial insurance policy
MII06 defines the insurance duration code.
MII07
Mortgage Insurance Renewal Option Code
Identifier (ID)
Optional
1
1
1
Code indicating the type of renewal option for Mortgage Insurance
MII07 defines the method of calculating renewal premiums.
MII08
Monetary Amount
Decimal number (R)
Optional
1
18
1
Monetary amount
MII09
Reference Identification Qualifier
Identifier (ID)
Conditional
2
3
1
Code qualifying the Reference Identification
P0910: If either MII-09 or MII-10 is present, then the other is required
MII09 defines the reference code for mortgage insurer pool.
MII10
Reference Identification
String (AN)
Conditional
1
50
1
Reference information as defined for a particular Transaction Set or as specified by the Reference Identification Qualifier
MII10 is the value of the mortgage insurance pool identifier.
MII11
Product/Service ID Qualifier
Identifier (ID)
Conditional
2
2
1
Code identifying the type/source of the descriptive number used in Product/Service ID (234)
P1112: If either MII-11 or MII-12 is present, then the other is required
MII11 defines the mortgage insurance product code source.
MII12
Product/Service ID
String (AN)
Conditional
1
48
1
Identifying number for a product or service
MII12 is the mortgage insurance product identifier value.
MII13
Percent
Decimal number (R)
Optional
1
10
1
Percentage expressed as a decimal
MII14
Composite Unit of Measure
Composite (composite)
Conditional
1
01
Unit or Basis for Measurement Code
Identifier (ID)
Mandatory
2
2
-
Code specifying the units in which a value is being expressed, or manner in which a measurement has been taken
02
Exponent
Decimal number (R)
Optional
1
15
-
Power to which a unit is raised
If C001-02 is not used, its value is to be interpreted as 1.
03
Multiplier
Decimal number (R)
Optional
1
10
-
Value to be used as a multiplier to obtain a new value
If C001-03 is not used, its value is to be interpreted as 1.
04
Unit or Basis for Measurement Code
Identifier (ID)
Optional
2
2
-
Code specifying the units in which a value is being expressed, or manner in which a measurement has been taken
05
Exponent
Decimal number (R)
Optional
1
15
-
Power to which a unit is raised
If C001-05 is not used, its value is to be interpreted as 1.
06
Multiplier
Decimal number (R)
Optional
1
10
-
Value to be used as a multiplier to obtain a new value
If C001-06 is not used, its value is to be interpreted as 1.
07
Unit or Basis for Measurement Code
Identifier (ID)
Optional
2
2
-
Code specifying the units in which a value is being expressed, or manner in which a measurement has been taken
08
Exponent
Decimal number (R)
Optional
1
15
-
Power to which a unit is raised
If C001-08 is not used, its value is to be interpreted as 1.
09
Multiplier
Decimal number (R)
Optional
1
10
-
Value to be used as a multiplier to obtain a new value
If C001-09 is not used, its value is to be interpreted as 1.
10
Unit or Basis for Measurement Code
Identifier (ID)
Optional
2
2
-
Code specifying the units in which a value is being expressed, or manner in which a measurement has been taken
11
Exponent
Decimal number (R)
Optional
1
15
-
Power to which a unit is raised
If C001-11 is not used, its value is to be interpreted as 1.
12
Multiplier
Decimal number (R)
Optional
1
10
-
Value to be used as a multiplier to obtain a new value
If C001-12 is not used, its value is to be interpreted as 1.
13
Unit or Basis for Measurement Code
Identifier (ID)
Optional
2
2
-
Code specifying the units in which a value is being expressed, or manner in which a measurement has been taken
14
Exponent
Decimal number (R)
Optional
1
15
-
Power to which a unit is raised
If C001-14 is not used, its value is to be interpreted as 1.
15
Multiplier
Decimal number (R)
Optional
1
10
-
Value to be used as a multiplier to obtain a new value
If C001-15 is not used, its value is to be interpreted as 1.
MII15
Quantity
Decimal number (R)
Conditional
1
15
1
Numeric value of quantity
MII15 defines number of time periods for insurance duration.

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