EDI

API DocsTerminal
NEW!
Programmatically translate EDI to JSON with the EDI Core REST API
Get started in minutes →
Transaction Set
in
X12 Release 008010

144 Student Loan Transfer and Status Verification

Functional Group LT

This X12 Transaction Set contains the format and establishes the data contents of the Student Loan Transfer and Status Verification Transaction Set (144) for use within the context of an Electronic Data Interchange (EDI) environment. This transaction set is used by lending institutions ("lenders"), guarantee agencies ("guarantors"), and secondary markets to send and receive information regarding the transfer of ownership of a student loan. It can also be used to verify the status of a student loan prior to and subsequent to the purchase of the loan. The loan status verification and transfer data includes, but is not limited to, borrower, student, and loan detail information. A potential purchaser of a student loan would use this transaction set to request information, from the guarantor of the loan, regarding loan status. This transaction set would in turn be used by the guarantor to return the verified loan status information to the requester. Subsequent to the purchase of the loan, this transaction set would be used by the purchaser to notify the guarantor of a transfer of ownership.

Heading

Sequence
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
0300
Guarantee Result DetailMandatory
Max 1
To provide information related to the disposition of a student loan
0400
Loan Verification
Max 25
To identify the specific confirmation and exception codes for loan verification
0500
Disbursement Information
Max 10
To specify disbursement dates and amounts for a loan
0600
Date or Time or Period
Max 10
To specify any or all of a date, a time, or a time period
0700
Indebtedness for Student Loans
Max 1
To provide information about previously guaranteed student loans
0800
Reference Information
Max 5
To specify identifying information
ENT Loop
Repeat 10
0900
EntityMandatory
Max 1
To designate the entities which are parties to a transaction and specify a reference meaningful to those entities
Use the ENT loop to identify the borrower, student, school, lender, guarantor, servicer, seller, secondary market, or all of the above.
1000
Individual Name Structure Components
Max 5
To sequence individual name components for maximum specificity
1100
Demographic Information
Max 1
To supply demographic information
1200
Party Location
Max 2
To specify the location of the named party
1300
Geographic Location
Max 1
To specify the geographic place of the named party
1400
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.