(ASC X12) 1080 Assumption Terms Code
TYPE=ID MIN=1 MAX=1
Code indicating the terms for loan assumption
Codes
2 | Assumption Allowed, Liability Released |
3 | Assumption Allowed, Liability Not Released |
4 | Qualifying |
5 | Non-Qualifying |
Appears in
LN2 | Existing Real Estate Loan Specific Data |
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