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Transaction Set
in
X12 Release 008020

205 Mortgage Note

Functional Group MN

X12F Finance Subcommittee

This X12 Transaction Set contains the format and establishes the data contents of the Mortgage Note Transaction Set (205) for use within the context of an Electronic Data Interchange (EDI) environment. This transaction set can be used by mortgage originators, settlement agents, warehouse lenders, document custodians, secondary market entities and other industry participants to exchange the data comprising the mortgage note and mortgage characteristics.

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
Trace
Max 1
To uniquely identify a transaction to an application
NM1 Loop
Repeat 5
0400
Individual or Organizational NameMandatory
Max 1
To supply the full name of an individual or organizational entity
0500
Additional Name Information
Max 2
To specify additional names
0600
Party Location
Max 2
To specify the location of the named party
0700
Geographic Location
Max 1
To specify the geographic place of the named party
0800
Administrative Communications Contact
Max 2
To identify a person or office to whom administrative communications should be directed
0900
Reference Information
Max 4
To specify identifying information

Detail

Sequence
Segment
Name
Max use
MNC Loop
Repeat >1
0100
Mortgage Note CharacteristicsMandatory
Max 1
To provide detailed characteristics information of a mortgage note
0200
Status of Mortgage
Max 1
To provide information on the status of a mortgage and the date actions were taken regarding the loan and the property
0300
Reference Information
Max 20
To specify identifying information
0400
Date or Time or Period
Max >1
To specify any or all of a date, a time, or a time period
0500
Geographic Location
Max 1
To specify the geographic place of the named party
0600
Interest
Max 2
To specify interest rate and type and the applicable time period
0700
Percent Amounts
Max 10
To qualify percent amounts and supply percent amounts
0800
Monetary Amount Information
Max 10
To indicate the total monetary amount
0900
Quantity Information
Max 6
To specify quantity information
1000
Yes/No Question
Max 12
To identify and answer yes and no questions, including the date, time, and comments further qualifying the condition
The YNQ segment is used to answer questions regarding the high level options associated with the mortgage note (e.g., assumable, convertible, etc.) and electronic mortgage registration (e.g., Consolidation, Extension, or Modification Agreement, or Metes and Bounds Legal Description).
1100
Information
Max 12
To report information
CDI Loop
Repeat >1
1200
Change Detail Information
Max 1
To provide information on changes or adjustments
LX Loop
Repeat >1
1300
Transaction Set Line Number
Max 1
To reference a line number in a transaction set
1400
Value Description or Information
Max >1
To provide detailed description of a financial value
1500
Yes/No Question
Max 4
To identify and answer yes and no questions, including the date, time, and comments further qualifying the condition
The YNQ segment is used to answer questions regarding the details for specific mortgage note options (e.g., fee required, interest only, prepayment restrictions, etc.)
1600
Monetary Amount Information
Max 6
To indicate the total monetary amount
1700
Percent Amounts
Max 6
To qualify percent amounts and supply percent amounts
1800
Date or Time or Period
Max 5
To specify any or all of a date, a time, or a time period
1900
Information
Max 12
To report information
IN1 Loop
Repeat >1
2000
Individual IdentificationMandatory
Max 1
To provide identification of an individual or entity
2100
Individual Name Structure Components
Max 10
To sequence individual name components for maximum specificity
2200
Administrative Communications Contact
Max 2
To identify a person or office to whom administrative communications should be directed
2300
Reference Information
Max 15
To specify identifying information
NX1 Loop
Repeat >1
2400
Property or Entity Identification
Max 1
To define the attributes of a property or an entity
2500
Location ID Component
Max >1
To define types and values of a geographic location
2600
Property Description/Legal Description
Max >1
To provide specifics on property or legal description; this segment provides for a simple legal description such as lot, block and subdivision

Summary

Sequence
Segment
Name
Max use
0100
Transaction Totals
Max 1
To transmit a hash total for a specific element in the transaction set
Number of line items (CTT01) is the accumulation of the number of MNC segments.
0200
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.