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Segment
in
X12 Release 003030

LRQ Mortgage Characteristics Requested

To describe the characteristics of a mortgage requested by the applicant(s)
Sequence
Element
Name
Type
Requirement
Min
Max
Repeat
01
782
Monetary Amount
Decimal number (R)
Mandatory
1
15
-
Monetary amount.
LRQ01 is the principal amount requested.
02
Percent
Decimal number (R)
Optional
1
10
-
Percentage expressed as a decimal
LRQ02 is the loan requested interest rate percent.
03
Rate/Value Qualifier
Identifier (ID)
Conditional
2
2
-
Code qualifying how to extend charges or interpret value.
LRQ03 is the period type for payment frequency.
Codes (101)
04
Monetary Amount
Decimal number (R)
Optional
1
15
-
Monetary amount.
C0403
LRQ04 is the initial periodic principal and interest payment.
05
Type of Residence Code
Identifier (ID)
Optional
1
1
-
Code identifying type of residence.
LRQ05 defines intended property use.
Codes (13)
06
Contact Method Code
Identifier (ID)
Optional
1
1
-
Code indicating the type of contact.
LRQ06 defines the method of conduct of the interview.
Codes (4)
07
Yes/No Condition or Response Code
Identifier (ID)
Optional
1
1
-
Code indicating a Yes or No condition or response.
LRQ07 defines if the loan is an assumption of existing loan. A ``Y'' indicates it is an assumption. A ``N'' indicates it is not.
Codes (3)
08
Assumption Terms Code
Identifier (ID)
Optional
1
1
-
Code indicating the terms for loan assumption.
LRQ08 defines the nature of assumption when LRQ06 = Y (Yes).
Codes (2)
09
Loan Purpose Code
Identifier (ID)
Optional
2
2
-
Code identifying the reason the loan is needed.
LRQ09 defines loan purpose. If LRQ09 = 05, then LRQ10, LRQ11, and LRQ12 are required.
Codes (13)
10
Purpose of Refinance Code
Identifier (ID)
Optional
2
2
-
Code identifying the reason a refinance is needed.
LRQ10 defines purpose of refinance.
Codes (6)
11
Monetary Amount
Decimal number (R)
Optional
1
15
-
Monetary amount.
LRQ11 is the total amount of existing liens.
12
Monetary Amount
Decimal number (R)
Optional
1
15
-
Monetary amount.
LRQ12 is the total amount of debts paid by proceeds.
13
Description
String (AN)
Optional
1
80
-
A free-form description to clarify the related data elements and their content.
LRQ13 is legislative reference of a government loan program.
14
Description
String (AN)
Optional
1
80
-
A free-form description to clarify the related data elements and their content.
LRQ14 is the name of the lender's program for this loan.
Stedi is a registered trademark of Stedi, Inc. Stedi's EDI Reference and Mapping Guides are provided for marketing purposes and are free of charge. All names, logos, and brands of third parties listed on our site are trademarks of their respective owners (including “X12”, which is a trademark of X12 Incorporated). Stedi, Inc. and its products and services are not endorsed by, sponsored by, or affiliated with these third parties. Our use of these names, logos, and brands is for identification purposes only, and does not imply any such endorsement, sponsorship, or affiliation.
Stedi is a registered trademark of Stedi, Inc. Stedi's EDI Reference and Mapping Guides are provided for marketing purposes and are free of charge. All names, logos, and brands of third parties listed on our site are trademarks of their respective owners (including “X12”, which is a trademark of X12 Incorporated). Stedi, Inc. and its products and services are not endorsed by, sponsored by, or affiliated with these third parties. Our use of these names, logos, and brands is for identification purposes only, and does not imply any such endorsement, sponsorship, or affiliation.