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Transaction Set
in
X12 Release 004010

266 Mortgage or Property Record Change Notification

Functional Group MG

This Draft Standard for Trial Use 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.

Heading

Sequence
Segment
Name
Max use
010
Transaction Set HeaderMandatory
Max 1
To indicate the start of a transaction set and to assign a control number
020
Beginning SegmentMandatory
Max 1
To indicate the beginning of a transaction set
BGN indicates whether the set is an original or a corrected and verified transmission.
0100 Loop
Repeat >1
030
NameMandatory
Max 1
To identify a party by type of organization, name, and code
Loop 0100 provides information on the principal parties of this transaction, such as the sending and receiving parties.
040
Additional Name Information
Max 1
To specify additional names or those longer than 35 characters in length
050
Address Information
Max 2
To specify the location of the named party
060
Geographic Location
Max 1
To specify the geographic place of the named party
070
Administrative Communications Contact
Max 2
To identify a person or office to whom administrative communications should be directed
080
Reference Identification
Max >1
To specify identifying information

Detail

Sequence
Segment
Name
Max use
0200 Loop
Repeat >1
010
Assigned NumberMandatory
Max 1
To reference a line number in a transaction set
Loop 0200 contains group level reporting information.
020
Activity or Process Information
Max 2
To provide information on activity or process
API indicates the reporting type.
030
Date or Time or Period
Max >1
To specify any or all of a date, a time, or a time period
040
Quantity
Max 2
To specify quantity information
050
Monetary Amount
Max 1
To indicate the total monetary amount
0210 Loop
Repeat >1
060
Name
Max 1
To identify a party by type of organization, name, and code
Loop 0210 identifies the parties involved in the reporting process.
070
Additional Name Information
Max 1
To specify additional names or those longer than 35 characters in length
080
Address Information
Max 2
To specify the location of the named party
090
Geographic Location
Max 1
To specify the geographic place of the named party
100
Reference Identification
Max 2
To specify identifying information
110
Administrative Communications Contact
Max 2
To identify a person or office to whom administrative communications should be directed
0220 Loop
Repeat >1
120
Reference IdentificationMandatory
Max 1
To transmit identifying information as specified by the Reference Identification Qualifier
Loop 0220 contains mortgage loan detail level information.
0221 Loop
Repeat >1
130
Individual or Organizational Name
Max 1
To supply the full name of an individual or organizational entity
Loop 0221 contains information on the individual or parties associated with the loan.
140
Additional Name Information
Max 1
To specify additional names or those longer than 35 characters in length
150
Address Information
Max 2
To specify the location of the named party
160
Geographic Location
Max 1
To specify the geographic place of the named party
170
Administrative Communications Contact
Max 2
To identify a person or office to whom administrative communications should be directed
180
Reference Identification
Max >1
To specify identifying information
0222 Loop
Repeat >1
190
Activity or Process InformationMandatory
Max 1
To provide information on activity or process
Loop 0222 contains loan specific details, identifies the property associated with a mortgage loan, and loan handling information.
API identifies the status of a specific loan or actions to be taken towards the loan.
200
Address Information
Max 2
To specify the location of the named party
210
Geographic Location
Max 1
To specify the geographic place of the named party
220
Date or Time or Period
Max >1
To specify any or all of a date, a time, or a time period
230
Reference Identification
Max >1
To specify identifying information
240
Conditions Indicator
Max 10
To supply information on conditions
250
Quantity
Max 1
To specify quantity information
260
Monetary Amount
Max 1
To indicate the total monetary amount
270
Interest
Max 1
To specify interest rate and type and the applicable time period
280
Percent Amounts
Max 1
To qualify percent amounts and supply percent amounts
290
Note/Special Instruction
Max 100
To transmit information in a free-form format, if necessary, for comment or special instruction
292
Vehicle Information
Max 1
To provide descriptions that identify a specific vehicle
294
Product/Item Description
Max >1
To describe a product or process in coded or free-form format
300
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)
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.