08/24/2021
(ASC X12) 1085 Loan Payment Type Code
TYPE=ID MIN=2 MAX=2
Code identifying the nature of loan payment
Codes
| 1 | Adjustable Payment Based on Index |
| 2 | Fixed Payment with Balloon Option |
| 3 | Pledged |
| 4 | Growing Equity Mortgage (GEM) |
| 5 | Fixed Payment |
| 6 | Graduated Payment Mortgage (GPM) |
| 7 | Interest Only with Balloon |
| 8 | Graduated Payment Adjustable Rate Mortgage |
| 9 | Extended Term |
| 10 | Wraparound Mortgage |
| 11 | Collateral Pledge Graduated Payment Mortgage |
| 12 | Fixed Payment With Buydown |
| 13 | Other Loan Payment Type |
| 14 | Step Rate |
| 15 | Tiered |
| 16 | Renegotiated Rate |
| 17 | Reverse Annuity |
| 18 | Reverse Installment Buydown |
| 19 | Shared Appreciation |
| 20 | Second Mortgage |
| 21 | Interest Only |
| 22 | Non-level |
| 23 | Biweekly |
| 24 | Five-year Balloon |
| 25 | Seven-year Balloon |
| 26 | Regular Reducing |
| 27 | Skip |
| 28 | Balloon |
| 29 | Single |
| 30 | Fixed Principal Payment |
| 31 | Semi-monthly Principal Payment |
Appears in
| LN | Loan Information |
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