This Draft Standard for Trial Use contains the format and establishes the data contents of the Residential Mortgage Insurance Explanation of Benefits Transaction Set (259) for use within the context of an Electronic Data Interchange (EDI) environment. This standard can be used to transmit the results of a claim for mortgage insurance benefits, referred to as an explanation of benefits (EOB), between a mortgage insurer and the customer receiving the financial benefit. This standard can be used for transmitting the results of both pool and primary mortgage insurance claims.
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
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 specify pertinent dates and times
To indicate the total monetary amount
To specify mortgage loan default information
To specify identifying information
To identify a person or office to whom administrative communications should be directed
To qualify percent amounts and supply percent amounts
To provide a free-form format that allows the transmission of text information
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 pertinent dates and times
To specify quantity information
To specify interest rate and type and the applicable time period
To indicate the total monetary amount
To report information
To specify mortgage loan fiscal data when applying for insurance claim benefits
To report information
To specify a code and/or description with an associated amount
To indicate the total monetary amount
To report information
To indicate the end of the transaction set and provide the count of the transmitted segments (including the beginning (ST) and ending (SE) segments)
