EDI

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

PRD Mortgage Loan Product Description

To describe terms of a mortgage product
Sequence
Element
Name
Type
Requirement
Min
Max
Repeat
01
1085
Loan Payment Type Code
Identifier (ID)
Mandatory
2
2
1
Code identifying the nature of loan payment
PRD01 defines the type of loan payment.
Codes (31)
02
Quantity
Decimal number (R)
Optional
1
15
1
Numeric value of quantity
PRD02 is the initial (original) term in months.
03
Rate/Value Qualifier
Identifier (ID)
Optional
2
2
1
Code identifying how to extend charges or interpret value
PRD03 is the period type for loan payment frequency.
Codes (182)
04
Loan Rate Type Code
Identifier (ID)
Optional
1
1
1
Code indicating the characteristics of the loan rate
PRD04 defines whether the loan rate is fixed or adjustable.
Codes (7)
05
Percentage as Decimal
Decimal number (R)
Optional
1
10
1
Percentage expressed as a decimal (e.g., 0.0 through 1.0 represents 0% through 100%)
PRD05 is the initial (original) interest accrual rate.
06
Quantity
Decimal number (R)
Optional
1
15
1
Numeric value of quantity
PRD06 is the amortization term in months.
07
Quantity
Decimal number (R)
Optional
1
15
1
Numeric value of quantity
PRD07 is the maximum loan term in months.
08
Yes/No Condition or Response Code
Identifier (ID)
Optional
1
1
1
Code indicating a Yes or No condition or response
PRD08 defines whether there is a prepayment penalty. A "Y" indicates there is a penalty; an "N" indicates there is not a penalty.
Codes (9)
09
Yes/No Condition or Response Code
Identifier (ID)
Optional
1
1
1
Code indicating a Yes or No condition or response
PRD09 defines whether a loan of this product may be assumed. A "Y" indicates a loan is assumable; an "N" indicates a loan is not assumable.
Codes (9)
10
Quantity
Decimal number (R)
Optional
1
15
1
Numeric value of quantity
PRD10 is number of months until balloon payment.
11
Monetary Amount
Decimal number (R)
Optional
1
18
1
Monetary amount
PRD11 is the amount of the balloon payment.
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.