266 Mortgage or Property Record Change Notification
266 Mortgage or Property Record Change Notification
Function Group MG
This X12 Transaction Set 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.
Position
Segment
Name
Max Use
0100
Transaction Set HeaderMandatory
Max 1
To indicate the start of a transaction set and to assign a control number
0200
Beginning SegmentMandatory
Max 1
To indicate the beginning of a transaction set
0100Loop
Mandatory
Repeat >1
0300
Party IdentificationMandatory
Max 1
To identify a party by type of organization, name, and code
0400
Additional Name InformationOptional
Max 1
To specify additional names
0500
Party LocationOptional
Max 2
To specify the location of the named party
0600
Geographic LocationOptional
Max 1
To specify the geographic place of the named party
0700
Administrative Communications ContactOptional
Max 2
To identify a person or office to whom administrative communications should be directed
0800
Reference InformationOptional
Max >1
To specify identifying information
Position
Segment
Name
Max Use
0200Loop
Mandatory
Repeat >1
0100
Transaction Set Line NumberMandatory
Max 1
To reference a line number in a transaction set
0200
Activity or Process InformationOptional
Max 2
To provide information on activity or process
0300
Date or Time or PeriodOptional
Max >1
To specify any or all of a date, a time, or a time period
0400
Quantity InformationOptional
Max 2
To specify quantity information
0500
Monetary Amount InformationOptional
Max 1
To indicate the total monetary amount
0210Loop
Optional
Repeat >1
0600
Party IdentificationMandatory
Max 1
To identify a party by type of organization, name, and code
0700
Additional Name InformationOptional
Max 1
To specify additional names
0800
Party LocationOptional
Max 2
To specify the location of the named party
0900
Geographic LocationOptional
Max 1
To specify the geographic place of the named party
1000
Reference InformationOptional
Max 2
To specify identifying information
1100
Administrative Communications ContactOptional
Max 2
To identify a person or office to whom administrative communications should be directed
0220Loop
Mandatory
Repeat >1
1200
Extended Reference InformationMandatory
Max 1
To transmit identifying information as specified by the Reference Identification Qualifier
0221Loop
Optional
Repeat >1
1300
Individual or Organizational NameMandatory
Max 1
To supply the full name of an individual or organizational entity
1400
Additional Name InformationOptional
Max 1
To specify additional names
1500
Party LocationOptional
Max 2
To specify the location of the named party
1600
Geographic LocationOptional
Max 1
To specify the geographic place of the named party
1700
Administrative Communications ContactOptional
Max 2
To identify a person or office to whom administrative communications should be directed
1800
Reference InformationOptional
Max >1
To specify identifying information
0222Loop
Mandatory
Repeat >1
1900
Activity or Process InformationMandatory
Max 1
To provide information on activity or process
2000
Party LocationOptional
Max 2
To specify the location of the named party
2100
Geographic LocationOptional
Max 1
To specify the geographic place of the named party
2200
Date or Time or PeriodOptional
Max >1
To specify any or all of a date, a time, or a time period
2300
Reference InformationOptional
Max >1
To specify identifying information
2400
Conditions IndicatorOptional
Max 10
To supply information on conditions
2500
Quantity InformationOptional
Max 1
To specify quantity information
2600
Monetary Amount InformationOptional
Max 1
To indicate the total monetary amount
2700
InterestOptional
Max 1
To specify interest rate and type and the applicable time period
2800
Percent AmountsOptional
Max 1
To qualify percent amounts and supply percent amounts
2900
Note/Special InstructionOptional
Max 100
To transmit information in a free-form format, if necessary, for comment or special instruction
2920
Vehicle InformationOptional
Max 1
To provide descriptions that identify a specific vehicle
2940
Product/Item DescriptionOptional
Max >1
To describe a product or process in coded or free-form format
3000
Transaction Set TrailerMandatory
Max 1
To indicate the end of the transaction set and provide the count of the transmitted segments (including the beginning (ST) and ending (SE) segments)