LN Loan Information

To specify information about the loan

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Position

Element

Name

Type

Requirement

Min

Max

Repeat

LN01

127

Reference Identification

String (AN)

Mandatory

Reference information as defined for a particular Transaction Set or as specified by the Reference Identification Qualifier

LN01 is the loan number.

LN02

782

Monetary Amount

Decimal number (R)

Mandatory

Monetary amount

LN02 is the account balance.

LN03

1250

Date Time Period Format Qualifier

Identifier (ID)

Conditional

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

LN04

1251

Date Time Period

String (AN)

Conditional

Expression of a date, a time, or range of dates, times or dates and times

LN04 is the date of the loan.

LN05

594

Frequency Code

Identifier (ID)

Conditional

Code indicating frequency or type of activities or actions being reported

P0506: If either LN-05 or LN-06 is present, then the other is required

LN05 is the payment frequency.

LN06

782

Monetary Amount

Decimal number (R)

Conditional

Monetary amount

LN06 is the payment amount.

LN07

954

Percentage as Decimal

Decimal number (R)

Optional

Percentage expressed as a decimal (e.g., 0.0 through 1.0 represents 0% through 100%)

LN07 is the interest rate of the loan.

LN08

1073

Yes/No Condition or Response Code

Identifier (ID)

Optional

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.

LN09

1081

Loan Purpose Code

Identifier (ID)

Optional

Code identifying the reason the loan is needed

LN10

1085

Loan Payment Type Code

Identifier (ID)

Optional

Code identifying the nature of loan payment

LN11

1086

Loan Rate Type Code

Identifier (ID)

Optional

Code indicating the characteristics of the loan rate