PAY Adjustable Payment Description

Opt
AtMax 1

To provide the terms of payment adjustment

Elements

PositionElementNameTypeMin/MaxRepeat
1
1374
Payment Adjustment CodeMandatoryID1/1Exact 1
2
782
Monetary AmountOptDecimal1/18Exact 1
3
954
PercentOptDecimal1/10Exact 1
4
782
Monetary AmountOptDecimal1/18Exact 1
5
954
PercentOptDecimal1/10Exact 1
6
782
Monetary AmountOptDecimal1/18Exact 1
C001Composite Unit of MeasureRel
Exact 1
8
380
QuantityRelDecimal1/15Exact 1
C001Composite Unit of MeasureRel
Exact 1
10
380
QuantityRelDecimal1/15Exact 1
11
954
PercentOptDecimal1/10Exact 1
12
954
PercentOptDecimal1/10Exact 1
13
782
Monetary AmountOptDecimal1/18Exact 1
14
1073
Yes/No Condition or Response CodeOptID1/1Exact 1
15
380
QuantityOptDecimal1/15Exact 1
16
954
PercentOptDecimal1/10Exact 1
17
782
Monetary AmountOptDecimal1/18Exact 1
18
1087
Negative Amortization QualifierOptID1/1Exact 1
19
954
PercentOptDecimal1/10Exact 1
20
782
Monetary AmountOptDecimal1/18Exact 1
21
1092
Negative Amortization Cap Source CodeOptID1/1Exact 1
22
1073
Yes/No Condition or Response CodeOptID1/1Exact 1

Element Details

ID1374
NamePayment Adjustment Code
LengthMin 1 / Max 1
Position1
RequirementMandatory
Codes
  • <>1
    Percent Adjustment to Payment Amount
  • <>2
    Percent Adjustment to Payment Rate
  • <>3
    Dollar Amount to Payment Amount