Code identifying the type of Mortgage Insurance application

Code indicating whether Mortgage Insurance premium paid at settlement is financed

MII02 describes the source of the mortgage insurance premium.

If MII02 equals "F" (Financed), then MII08 is the amount of premium financed.

Code indicating a Yes or No condition or response

MII03 defines if mortgage insurance premium is refundable. A "Y" indicates it is refundable; an "N" indicates it is not.

Code indicating whether Mortgage Insurance certificate is for primary loan or pool loan or both

MII04 defines the type of mortgage insurance certificate.

Code indicating the nature of the Mortgage Insurance coverage

MII05 defines the nature of the mortgage insurance coverage.

If MII05 is NOT equal to "03" (Pool), then MII13 is the percent coverage.

Code indicating the method of determining the duration of the initial insurance policy

MII06 defines the insurance duration code.

Code indicating the type of renewal option for Mortgage Insurance

MII07 defines the method of calculating renewal premiums.

Monetary amount

Code Qualifying the Reference Identification

MII09 defines the reference code for mortgage insurer pool.

Reference information as defined for a particular Transaction Set or as specified by the Reference Identification Qualifier

MII10 is the value of the mortgage insurance pool identifier.

Code identifying the type/source of the descriptive number used in Product/Service ID (234)

MII11 defines the mortgage insurance product code source.

Identifying number for a product or service

MII12 is the mortgage insurance product identifier value.

Percentage expressed as a decimal

MII14 defines a period of time.

Numeric value of quantity

MII15 defines number of time periods for insurance duration.