08/24/2021
(ASC X12) 1105 Mortgage Insurance Duration Code
TYPE=ID MIN=1 MAX=1
Code indicating the method of determining the duration of the initial insurance policy
Codes
| 1 | 1 Year |
| 2 | Periodic |
| 3 | Single (One Time) |
| 4 | To Loan Value Present |
| 5 | 5 Year |
| 6 | 3 Year |
| 7 | Life-of-Loan |
Appears in
| MIC | Mortgage Insurance Coverage |
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