AMORTIZATION_RULE

Type : AMORTIZATION_RULE

Elements
AmortizationTypeA classification or description of a loan or a group of loans generally based on the changeability of the rate or payment over time.A classification or description of a loan or a group of loans generally based on the changeability of the rate or payment over time.
AmortizationTypeOtherDescriptionA free-form text field used to collect additional information or a description of the amortization type when Other is selected.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.".
EXTENSION
LoanAmortizationMaximumTermMonthsCountThe maximum number of months over which an extendable mortgage may be amortized.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".
LoanAmortizationPeriodCountThe number periods (as defined by the Loan Amortization Period Type) over which the scheduled loan payments of principal and/or interest are calculated to retire the obligation.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".
LoanAmortizationPeriodTypeThe duration of time used to define the period over which the loan is amortized.The duration of time used to define the period over which the loan is amortized.

Attributes
label

Parents
\MESSAGE\DEAL_SETS\DEAL_SET\DEALS\DEAL\LOANS\LOAN\AMORTIZATION