ASC X12 004010

1085 Loan Payment Type Code
TYPE=ID MIN=2 MAX=2

Code identifying the nature of loan payment


01       Adjustable Payment Based on Index
02       Fixed Payment with Balloon Option
03       Pledged
04       Growing Equity Mortgage (GEM)
05       Fixed Payment
06       Graduated Payment Mortgage (GPM)
07       Interest Only with Balloon
08       Graduated Payment Adjustable Rate Mortgage
09       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