266 Mortgage or Property Record Change Notification

Functional Group MG

X12F Finance Subcommittee

This X12 Transaction Set contains the format and establishes the data contents of the Mortgage or Property Record Change Notification Transaction Set (266) for use within the context of an Electronic Data Interchange (EDI) environment. This transaction set can be used by financial institutions such as Mortgagees, Lienholders, and Lessors to inform interested parties such as Insurers, Investors, and Taxing Authorities of mortgage or property record changes. This transaction set is intended to be used by financial institutions to communicate change notifications, such as the sale of mortgages, assumptions, transfers, and terminations of interest.

Heading

Position
Segment
Name
Max use
0100
Transaction Set HeaderMandatory
Max 1
To indicate the start of a transaction set and to assign a control number
0200
Beginning SegmentMandatory
Max 1
To indicate the beginning of a transaction set
BGN indicates whether the set is an original or a corrected and verified transmission.
0100 Loop
Repeat >1
0300
Party IdentificationMandatory
Max 1
To identify a party by type of organization, name, and code
Loop 0100 provides information on the principal parties of this transaction, such as the sending and receiving parties.
0500
Party LocationOptional
Max 2
To specify the location of the named party
0600
Geographic LocationOptional
Max 1
To specify the geographic place of the named party
0700
Administrative Communications ContactOptional
Max 2
To identify a person or office to whom administrative communications should be directed
0800
Reference InformationOptional
Max >1
To specify identifying information

Detail

Position
Segment
Name
Max use
0200 Loop
Repeat >1
0100
Transaction Set Line NumberMandatory
Max 1
To reference a line number in a transaction set
Loop 0200 contains group level reporting information.
0200
Activity or Process InformationOptional
Max 2
To provide information on activity or process
API indicates the reporting type.
0300
Date or Time or PeriodOptional
Max >1
To specify any or all of a date, a time, or a time period
0400
Quantity InformationOptional
Max 2
To specify quantity information
0500
Monetary Amount InformationOptional
Max 1
To indicate the total monetary amount
0210 Loop
Repeat >1
0600
Party IdentificationMandatory
Max 1
To identify a party by type of organization, name, and code
Loop 0210 identifies the parties involved in the reporting process.
0800
Party LocationOptional
Max 2
To specify the location of the named party
0900
Geographic LocationOptional
Max 1
To specify the geographic place of the named party
1000
Reference InformationOptional
Max 2
To specify identifying information
1100
Administrative Communications ContactOptional
Max 2
To identify a person or office to whom administrative communications should be directed
0220 Loop
Repeat >1
1200
Extended Reference InformationMandatory
Max 1
To transmit identifying information as specified by the Reference Identification Qualifier
Loop 0220 contains mortgage loan detail level information.
0221 Loop
Repeat >1
1300
Individual or Organizational NameMandatory
Max 1
To supply the full name of an individual or organizational entity
Loop 0221 contains information on the individual or parties associated with the loan.
1500
Party LocationOptional
Max 2
To specify the location of the named party
1600
Geographic LocationOptional
Max 1
To specify the geographic place of the named party
1700
Administrative Communications ContactOptional
Max 2
To identify a person or office to whom administrative communications should be directed
1800
Reference InformationOptional
Max >1
To specify identifying information
0222 Loop
Repeat >1
1900
Activity or Process InformationMandatory
Max 1
To provide information on activity or process
Loop 0222 contains loan specific details, identifies the property associated with a mortgage loan, and loan handling information.
API identifies the status of a specific loan or actions to be taken towards the loan.
2000
Party LocationOptional
Max 2
To specify the location of the named party
2100
Geographic LocationOptional
Max 1
To specify the geographic place of the named party
2200
Date or Time or PeriodOptional
Max >1
To specify any or all of a date, a time, or a time period
2300
Reference InformationOptional
Max >1
To specify identifying information
2400
Conditions IndicatorOptional
Max 10
To supply information on conditions
2500
Quantity InformationOptional
Max 1
To specify quantity information
2600
Monetary Amount InformationOptional
Max 1
To indicate the total monetary amount
2700
InterestOptional
Max 1
To specify interest rate and type and the applicable time period
2800
Percent AmountsOptional
Max 1
To qualify percent amounts and supply percent amounts
2900
Note/Special InstructionOptional
Max 100
To transmit information in a free-form format, if necessary, for comment or special instruction
2920
Vehicle InformationOptional
Max 1
To provide descriptions that identify a specific vehicle
2940
Product/Item DescriptionOptional
Max >1
To describe a product or process in coded or free-form format
3000
Transaction Set TrailerMandatory
Max 1
To indicate the end of the transaction set and provide the count of the transmitted segments (including the beginning (ST) and ending (SE) segments)

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