This Draft Standard for Trial Use contains the format and establishes the data contents of the Mortgage or Property Record Change Notification Transaction Set (266) for use within the context of an Electronic Data Interchange (EDI) environment. This transaction set can be used by financial institutions such as Mortgagees, Lienholders, and Lessors to inform interested parties such as Insurers, Investors, and Taxing Authorities of mortgage or property record changes. This transaction set is intended to be used by financial institutions to communicate change notifications, such as the sale of mortgages, assumptions, transfers, and terminations of interest.
To indicate the start of a transaction set and to assign a control number
To indicate the beginning of a transaction set
To identify a party by type of organization, name, and code
To specify additional names or those longer than 35 characters in length
To specify the location of the named party
To specify the geographic place of the named party
To identify a person or office to whom administrative communications should be directed
To specify identifying information
To reference a line number in a transaction set
To provide information on activity or process
To specify any or all of a date, a time, or a time period
To specify quantity information
To indicate the total monetary amount
To identify a party by type of organization, name, and code
To specify additional names or those longer than 35 characters in length
To specify the location of the named party
To specify the geographic place of the named party
To specify identifying information
To identify a person or office to whom administrative communications should be directed
To transmit identifying information as specified by the Reference Identification Qualifier
To supply the full name of an individual or organizational entity
To specify additional names or those longer than 35 characters in length
To specify the location of the named party
To specify the geographic place of the named party
To identify a person or office to whom administrative communications should be directed
To specify identifying information
To provide information on activity or process
To specify the location of the named party
To specify the geographic place of the named party
To specify any or all of a date, a time, or a time period
To specify identifying information
To supply information on conditions
To specify quantity information
To indicate the total monetary amount
To specify interest rate and type and the applicable time period
To qualify percent amounts and supply percent amounts
To transmit information in a free-form format, if necessary, for comment or special instruction
To provide descriptions that identify a specific vehicle
To describe a product or process in coded or free-form format
To indicate the end of the transaction set and provide the count of the transmitted segments (including the beginning (ST) and ending (SE) segments)
