FCL Foreclosure

Opt
AtMax 1

To specify legal outcome and impact of foreclosure on a lender's claim for mortgage insurance benefits

Elements

PositionElementNameTypeMin/MaxRepeat
1
605
Deficiency Judgment CodeOptID1/2AtMax 1
2
1073
Yes/No Condition or Response CodeOptID1/1AtMax 1
3
522
Amount Qualifier CodeRelID1/3AtMax 1
4
782
Monetary AmountRelDecimal1/18AtMax 1
5
426
Adjustment Reason CodeOptID2/2AtMax 1

Element Details

ID605
NameDeficiency Judgment Code
LengthMin 1 / Max 2
Position1
RequirementOpt
Codes
  • <>1
    Deficiency Judgment Authorized by Mortgage Insurer but Not Obtained
  • <>4
    Deficiency Judgment Not Authorized by Mortgage Insurer and Not Obtained
  • <>2
    Deficiency Judgment Obtained but Not Authorized by Mortgage Insurer
  • <>3
    Deficiency Judgment Authorized by Mortgage Insurer and Obtained