LN Loan Information
To specify information about the loan
Sequence
Element
Name
Type
Requirement
Min
Max
Repeat
Reference information as defined for a particular Transaction Set or as
specified by the Reference Identification Qualifier
LN01 is the loan number.
Monetary amount
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
Codes (42)
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 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.
Codes (23)
Monetary amount
LN06 is the payment amount.
Percentage expressed as a decimal (e.g., 0.0 through 1.0 represents 0% through
100%)
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.
Codes (9)
Code identifying the reason the loan is needed
Codes (45)
Code identifying the nature of loan payment
Codes (31)
Code indicating the characteristics of the loan rate
Codes (7)