Code identifying the nature of loan payment

PRD01 defines the type of loan payment.

Numeric value of quantity

PRD02 is the initial (original) term in months.

Code qualifying how to extend charges or interpret value

PRD03 is the period type for loan payment frequency.

Code indicating the characteristics of the loan rate

PRD04 defines whether the loan rate is fixed or adjustable.

Percentage expressed as a decimal

PRD05 is the initial (original) interest accrual rate.

Numeric value of quantity

PRD06 is the amortization term in months.

Numeric value of quantity

PRD07 is the maximum loan term in months.

Code indicating a Yes or No condition or response

PRD08 defines whether there is a prepayment penalty. A "Y" indicates there is a penalty; an "N" indicates there is not a penalty.

Code indicating a Yes or No condition or response

PRD09 defines whether a loan of this product may be assumed. A "Y" indicates a loan is assumable; an "N" indicates a loan is not assumable.

Numeric value of quantity

PRD10 is number of months until balloon payment.

Monetary amount

PRD11 is the amount of the balloon payment.