EDI 198 Loan Verification Information

This X12 Transaction Set contains the format and establishes the data contents of the Abandoned Property Filings Transaction Set 198 for use within the context of an Electronic Data Interchange (EDI) environment. This transaction set is used to report abandoned property filings information, such as uncashed checks or abandoned bank account balances, to government agencies and may be used by the government agencies to distribute information on abandoned property for publication to the general public. It may also be used to initiate an Electronic Funds Transfer (EFT) payment to transfer the value of the abandoned property to the government agencies.

Segments

Position

Segment

Name

Max use

Transaction Set Header

Mandatory

AtMax 1

To indicate the start of a transaction set and to assign a control number

BGN

Beginning Segment

Mandatory

AtMax 1

To indicate the beginning of a transaction set

LOOP

Mandatory

GT 1

Name

Opt

AtMax 1

To identify a party by type of organization, name, and code

Additional Name Information

Opt

AtMax 2

To specify additional names or those longer than 35 characters in length

Address Information

Opt

AtMax 2

To specify the location of the named party

Geographic Location

Opt

AtMax 1

To specify the geographic place of the named party

REF

Reference Identification

Opt

AtMax 1

To specify identifying information

PER

Administrative Communications Contact

Opt

AtMax 5

To identify a person or office to whom administrative communications should be directed

IN1

LOOP

Mandatory

GT 1

IN1

Individual Identification

Mandatory

AtMax 1

To provide identification of an individual or entity

IN2

Individual Name Structure Components

Mandatory

AtMax 10

To sequence individual name components for maximum specificity

Address Information

Opt

AtMax 2

To specify the location of the named party

Geographic Location

Opt

AtMax 1

To specify the geographic place of the named party

REF

Reference Identification

Opt

AtMax 5

To specify identifying information

API

LOOP

Mandatory

GT 1

API

Activity or Process Information

Mandatory

AtMax 1

To provide information on activity or process

LOOP

Mandatory

GT 1

Name

Mandatory

AtMax 1

To identify a party by type of organization, name, and code

Additional Name Information

Opt

AtMax 2

To specify additional names or those longer than 35 characters in length

Address Information

Opt

AtMax 2

To specify the location of the named party

100

Geographic Location

Opt

AtMax 1

To specify the geographic place of the named party

110

REF

Reference Identification

Opt

AtMax 5

To specify identifying information

120

PER

Administrative Communications Contact

Opt

AtMax 1

To identify a person or office to whom administrative communications should be directed

130

AIN

Income

Opt

AtMax 5

To provide type and amount of income obtained

140

DTP

Date or Time or Period

Opt

AtMax 1

To specify any or all of a date, a time, or a time period

PWK

LOOP

Mandatory

GT 1

150

PWK

Paperwork

Opt

AtMax 1

To identify the type or transmission or both of paperwork or supporting information

160

PER

Administrative Communications Contact

Opt

AtMax 1

To identify a person or office to whom administrative communications should be directed

170

EMS

Employment Position

Opt

AtMax 1

To describe employment position

180

NTE

Note/Special Instruction

Opt

AtMax 10

To transmit information in a free-form format, if necessary, for comment or special instruction

190

DTP

Date or Time or Period

Opt

AtMax 4

To specify any or all of a date, a time, or a time period

200

REF

Reference Identification

Opt

AtMax 5

To specify identifying information

AIN

LOOP

Mandatory

GT 1

210

AIN

Income

Opt

AtMax 1

To provide type and amount of income obtained

220

DTP

Date or Time or Period

Opt

AtMax 1

To specify any or all of a date, a time, or a time period

NX1

LOOP

Mandatory

GT 1

230

NX1

Property or Entity Identification

Opt

AtMax 1

To define the attributes of a property or an entity

240

NX2

Location ID Component

Opt

AtMax 10

To define types and values of a geographic location

250

ACT

Account Identification

Opt

AtMax 1

To specify account information

260

NM1

Individual or Organizational Name

Opt

AtMax 10

To supply the full name of an individual or organizational entity

270

PRD

Mortgage Loan Product Description

Opt

AtMax 1

To describe terms of a mortgage product

280

PEX

Property or Housing Expense

Opt

AtMax 10

To provide housing expense information

290

AMT

Monetary Amount

Opt

AtMax 5

To indicate the total monetary amount

300

QTY

Quantity

Opt

AtMax 5

To specify quantity information

310

YNQ

Yes/No Question

Opt

AtMax 5

To identify and answer yes and no questions, including the date, time, and comments further qualifying the condition

320

DTP

Date or Time or Period

Opt

AtMax 10

To specify any or all of a date, a time, or a time period

330

MSG

Message Text

Opt

AtMax 20

To provide a free-form format that allows the transmission of text information

FAA

LOOP

Mandatory

GT 1

340

FAA

Financial Asset Account

Opt

AtMax 1

To provide duration or amount of financial assets

350

NM1

Individual or Organizational Name

Opt

AtMax 5

To supply the full name of an individual or organizational entity

360

AMT

Monetary Amount

Opt

AtMax 5

To indicate the total monetary amount

370

QTY

Quantity

Opt

AtMax 1

To specify quantity information

380

DTP

Date or Time or Period

Opt

AtMax 5

To specify any or all of a date, a time, or a time period

390

MSG

Message Text

Opt

AtMax 20

To provide a free-form format that allows the transmission of text information

CDA

LOOP

Mandatory

GT 1

400

CDA

Consumer Credit Account

Opt

AtMax 1

To provide duration or amount of consumer credit account

410

NM1

Individual or Organizational Name

Opt

AtMax 5

To supply the full name of an individual or organizational entity

420

QTY

Quantity

Opt

AtMax 1

To specify quantity information

430

DTP

Date or Time or Period

Opt

AtMax 20

To specify any or all of a date, a time, or a time period

440

MSG

Message Text

Opt

AtMax 20

To provide a free-form format that allows the transmission of text information

450

Transaction Set Trailer

Mandatory

AtMax 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)

Elements

Position	Element	Name	Requirement	Type	Min/Max	Repeat

1	143	Transaction Set Identifier Code	Mandatory	ID	3/3	1

2	329	Transaction Set Control Number	Mandatory	Alphanumeric	4/9	1

EDI Dictionary

EDI 198 Loan Verification Information

Segments

Elements