LN Loan Information
To specify information about the loan
Position
Element
Name
Type
Requirement
Min
Max
Repeat
LN-01
Reference Number
String (AN)
Mandatory
1
30
-
Reference number or identification number as defined for a particular Transaction Set, or as specified by the Reference Number Qualifier.
LN01 is the loan number.
LN-02
Monetary Amount
Decimal number (R)
Mandatory
1
15
-
Monetary amount.
LN02 is the account balance.
LN-03
Date Time Period Format Qualifier
Identifier (ID)
Conditional
2
3
-
Code indicating the date format, time format, or date and time format.
LN-04
Date Time Period
String (AN)
Conditional
1
35
-
Expression of a date, a time, or range of dates, times or dates and times.
LN04 is date of loan.
LN-05
Frequency Code
Identifier (ID)
Conditional
1
1
-
Code indicating frequency or type of payment.
LN05 is the payment frequency.
LN-06
Monetary Amount
Decimal number (R)
Conditional
1
15
-
Monetary amount.
LN06 is the payment amount.
LN-07
Percent
Decimal number (R)
Optional
1
10
-
Percentage expressed as a decimal
LN07 is the interest rate of loan.
LN-08
Yes/No Condition or Response Code
Identifier (ID)
Optional
1
1
-
Code indicating a Yes or No condition or response.
LN08 designates whether this is an open or closed end loan. A ``Y'' designates open end loan. A ``N'' designates a closed end loan.
LN-09
Loan Purpose Code
Identifier (ID)
Optional
2
2
-
Code identifying the reason the loan is needed.