This Draft Standard for Trial Use contains the format and establishes the data contents of the Income or Asset Offset Transaction Set (521) for use within the context of an Electronic Data Interchange (EDI) environment. This bi-directional transaction set can be created by an agency or entity to require an employer or asset holder to withhold and deliver assets or income on behalf of a person or entity to whom they are owed, as in a levy, lien, or garnishment. It can also be used to confirm or modify a prior notification.
This transaction set can also be used by the employer or third party to report the ability to comply with the requirement and the terms of that compliance and may be used to initiate an electronic funds transfer in order to satisfy the requirement.
To indicate the start of a transaction set and to assign a control number
To indicate the beginning of a transaction set
To indicate the beginning of a Payment Order/Remittance Advice Transaction Set and total payment amount, or to enable related transfer of funds and/or information from payer to payee to occur
To transmit information in a free-form format, if necessary, for comment or special instruction
To uniquely identify a transaction to an application
To specify the currency (dollars, pounds, francs, etc.) used in a transaction
To specify identifying information
To specify pertinent dates and times
To specify the characteristics of an adjustment
To identify a party by type of organization, name, and code
To specify additional names
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 supply the full name of an individual or organizational entity
To specify additional names
To sequence individual name components for maximum specificity
To specify the location of the named party
To specify the geographic place of the named party
To specify identifying information
To specify pertinent dates and times
To specify the characteristics of an adjustment
To provide a free-form format that allows the transmission of text information
To indicate a quantity, and/or amount for an identified period
To specify identifying information
To specify pertinent dates and times
To identify and describe a specific court case
To specify identifying information
To indicate a quantity, and/or amount for an identified period
To specify pertinent dates and times
To identify a party by type of organization, name, and code
To specify additional names
To sequence individual name components for maximum specificity
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 indicate the total monetary amount
To indicate the end of the transaction set and provide the count of the transmitted segments (including the beginning (ST) and ending (SE) segments)
