HAZARD_INSURANCE

Description
Information specific to any hazard insurance policy on the property that secures the loan. There may be multiple policies, such as homeowners, fire and extended coverage, flood, wind, or earthquake insurance.

Type : HAZARD_INSURANCE

Definition
Information specific to any hazard insurance policy on the property that secures the loan. There may be multiple policies, such as homeowners, fire and extended coverage, flood, wind, or earthquake insurance.
(Defined in file MISMO_3.4.0_B324.xsd , or a file it imports)

Elements
EXTENSION
FloodContractFeeAmountThe amount charged by the provider to obtain the Flood Contract associated with the subject property.A data type of Amount SHOULD identify a number value that is an amount of money and MAY have a CurrencyURI attribute. It SHALL NOT contain any punctuation other than the decimal point or sign values. The decimal point is ALWAYS the US nationalization character (.) in the designated character encoding (UTF-8 assumed when not stated ) It SHOULD be able to contain at least 18 digits. EXAMPLE: An Unpaid Principle Balance Amount of $100,000.12 would be expressed as "100000.12".
HazardInsuranceCoverageAmountThe coverage amount of the property casualty policy on the property securing the loanA data type of Amount SHOULD identify a number value that is an amount of money and MAY have a CurrencyURI attribute. It SHALL NOT contain any punctuation other than the decimal point or sign values. The decimal point is ALWAYS the US nationalization character (.) in the designated character encoding (UTF-8 assumed when not stated ) It SHOULD be able to contain at least 18 digits. EXAMPLE: An Unpaid Principle Balance Amount of $100,000.12 would be expressed as "100000.12".
HazardInsuranceCoverageTypeThe type of loss the insurance policy covers.The type of loss the insurance policy covers.
HazardInsuranceCoverageTypeOtherDescriptionA free-form text field used to capture the hazard insurance coverage type if Other is selected as the hazard insurance coverage type.A data type of String SHOULD identify a data point that is either a text value consisting of a word, phrase, sentence, paragraph, or formatted (TAB, CR, LF) character content depending on its purpose or a numeric value with a maximum of 16383 characters and MAY have the lang attribute. There is no list of valid values provided. EXAMPLE: A Disqualificaton Reason Text for excluding a product from those offered to a borrower could be expressed as "Does not meet income to indebtedness guidelines for down payment support.".
HazardInsuranceEffectiveDateThe date the hazard insurance went into effect.A data type of Date SHOULD identify a data point that represents numerically a specific year, month and year, or day month and year of the Gregorian Calendar. Full dates MUST be represented in the extended format CCYY-MM-DD CCYY is a four-digit year, "0001" through "9999" MM is a two-digit month of that year, "01" through "12" DD is a two-digit day of that month, "01" through "31" Padded zeros must be used. - is the required separator between CCYY-MM-DD if the day or month and day are dropped, the preceding separator is also dropped an optional trailing time zone indicator is permitted using either Z (for Coordinated Universal Time UTC) or an offset from UTC using +hh:mm or -hh:mm as in Datetime Note that negative or extended (more than 4 digit) years are not permitted. EXAMPLE: A Next Escrow Review Date that discloses the year and month would be expressed as "2010-06".
HazardInsuranceEscrowedIndicatorIndicates whether hazard is paid by the borrower or the lenderA data type of Indicator SHOULD identify a data point that represents a boolean value. The value choices SHOULD be "true" or "false" but MAY be "1" or "0". EXAMPLE: A Basement Finished Indicator for a basement that qualifies would be expressed as "true".
HazardInsuranceExpirationDateThe date the property casualty policy expiresA data type of Date SHOULD identify a data point that represents numerically a specific year, month and year, or day month and year of the Gregorian Calendar. Full dates MUST be represented in the extended format CCYY-MM-DD CCYY is a four-digit year, "0001" through "9999" MM is a two-digit month of that year, "01" through "12" DD is a two-digit day of that month, "01" through "31" Padded zeros must be used. - is the required separator between CCYY-MM-DD if the day or month and day are dropped, the preceding separator is also dropped an optional trailing time zone indicator is permitted using either Z (for Coordinated Universal Time UTC) or an offset from UTC using +hh:mm or -hh:mm as in Datetime Note that negative or extended (more than 4 digit) years are not permitted. EXAMPLE: A Next Escrow Review Date that discloses the year and month would be expressed as "2010-06".
HazardInsuranceNextPremiumDueDateThe month and year the next property casualty premium is dueA data type of Date SHOULD identify a data point that represents numerically a specific year, month and year, or day month and year of the Gregorian Calendar. Full dates MUST be represented in the extended format CCYY-MM-DD CCYY is a four-digit year, "0001" through "9999" MM is a two-digit month of that year, "01" through "12" DD is a two-digit day of that month, "01" through "31" Padded zeros must be used. - is the required separator between CCYY-MM-DD if the day or month and day are dropped, the preceding separator is also dropped an optional trailing time zone indicator is permitted using either Z (for Coordinated Universal Time UTC) or an offset from UTC using +hh:mm or -hh:mm as in Datetime Note that negative or extended (more than 4 digit) years are not permitted. EXAMPLE: A Next Escrow Review Date that discloses the year and month would be expressed as "2010-06".
HazardInsuranceNonStandardPolicyTypeAdditional Description of the Hazard Insurance coverage document.Additional Description of the Hazard Insurance coverage document.
HazardInsuranceNonStandardPolicyTypeOtherDescriptionA free-form text field used to capture the Hazard Insurance Non-standard Policy Type if Other is selected as the Hazard Insurance Non Standard Policy Type.A data type of String SHOULD identify a data point that is either a text value consisting of a word, phrase, sentence, paragraph, or formatted (TAB, CR, LF) character content depending on its purpose or a numeric value with a maximum of 16383 characters and MAY have the lang attribute. There is no list of valid values provided. EXAMPLE: A Disqualificaton Reason Text for excluding a product from those offered to a borrower could be expressed as "Does not meet income to indebtedness guidelines for down payment support.".
HazardInsurancePolicyCancellationDateThe date the insurance company terminates the policy.A data type of Date SHOULD identify a data point that represents numerically a specific year, month and year, or day month and year of the Gregorian Calendar. Full dates MUST be represented in the extended format CCYY-MM-DD CCYY is a four-digit year, "0001" through "9999" MM is a two-digit month of that year, "01" through "12" DD is a two-digit day of that month, "01" through "31" Padded zeros must be used. - is the required separator between CCYY-MM-DD if the day or month and day are dropped, the preceding separator is also dropped an optional trailing time zone indicator is permitted using either Z (for Coordinated Universal Time UTC) or an offset from UTC using +hh:mm or -hh:mm as in Datetime Note that negative or extended (more than 4 digit) years are not permitted. EXAMPLE: A Next Escrow Review Date that discloses the year and month would be expressed as "2010-06".
HazardInsurancePolicyIdentifierThe number assigned to the policy by the insurance companyA data type of Identifier SHOULD identify a data point that provides a unique value for reference purposes and MAY have IdentifierOwnerURI and IdentifierEffectiveDate attributes. EXAMPLE: A Loan Identifier could be expressed as "0034567891-A".
HazardInsurancePremiumAmountThe projected property casualty premium to be paid.A data type of Amount SHOULD identify a number value that is an amount of money and MAY have a CurrencyURI attribute. It SHALL NOT contain any punctuation other than the decimal point or sign values. The decimal point is ALWAYS the US nationalization character (.) in the designated character encoding (UTF-8 assumed when not stated ) It SHOULD be able to contain at least 18 digits. EXAMPLE: An Unpaid Principle Balance Amount of $100,000.12 would be expressed as "100000.12".
HazardInsurancePremiumMonthsCountThe term expressed in months between each property casualty insurance premium.A data type of Count SHOULD identify a non-negative number value that is a whole number with a maximum value of 2147483647. It SHALL NOT contain any punctuation. EXAMPLE: A Total Bathroom Count for a dwelling unit with one full bathroom and one partial bathroom would be expressed as "2".
HazardInsuranceReplacementValueIndicatorWhen true, indicates that the coverage provides full replacement value of the property.A data type of Indicator SHOULD identify a data point that represents a boolean value. The value choices SHOULD be "true" or "false" but MAY be "1" or "0". EXAMPLE: A Basement Finished Indicator for a basement that qualifies would be expressed as "true".
InsuranceRequiredIndicatorWhen true, indicates that a specific Hazard Insurance Coverage Type on the property is required for the loan transaction.A data type of Indicator SHOULD identify a data point that represents a boolean value. The value choices SHOULD be "true" or "false" but MAY be "1" or "0". EXAMPLE: A Basement Finished Indicator for a basement that qualifies would be expressed as "true".

Attributes
label
SequenceNumberAn integer value used to provide an order to multi-instance sibling elements. The value must be unique for each sibling element.

Parents
\MESSAGE\DEAL_SETS\DEAL_SET\DEALS\DEAL\ASSETS\ASSET\OWNED_PROPERTY\PROPERTY\HAZARD_INSURANCES