MI_PREMIUM_PAYMENT

Description
Specifies the dollar amount, party making the payment and timing for each MI premium payment.

Type : MI_PREMIUM_PAYMENT

Definition
Specifies the dollar amount, party making the payment and timing for each MI premium payment.
(Defined in file MISMO_3.4.0_B324.xsd , or a file it imports)

Elements
EXTENSION
MIPremiumActualPaymentAmountThe dollar amount paid by a specific party at a specified time for a specified MI premium payment.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".
MIPremiumBlendedPaymentAndTaxAmountA calculated value representing the sum of the premium amount and the tax amount for the payment of a mortgage insurance policy.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".
MIPremiumBlendedPaymentAndTaxPercentA calculated value representing the combination of the mortgage insurance percentage and the tax percentage for the payment of a mortgage insurance policy.A data type of Percent SHOULD identify a number value that is in the subset of real numbers expressible by decimal numerals and represents a value that is scaled upward by 100 so that 1/100 is represented by 1. It MAY contain a single decimal point as punctuation. 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: A Tax Rate Percent for a rate of .055 be expressed as "5.5".
MIPremiumEstimatedPaymentAmountThe estimated dollar amount to be paid by a specific party at a specified time for a specified MI premium payment.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".
MIPremiumPaymentPaidByTypeThe role of the party making the MI Premium payment.The role of the party making the MI Premium payment.
MIPremiumPaymentPaidByTypeOtherDescriptionA free-form text field used to collect additional information when Other is selected for MI Premium Payment Paid By 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.".
MIPremiumPaymentTimingTypeDefines the point in time during the origination process when the MI Premium payment was paid.Defines the point in time during the origination process when the MI Premium payment was paid.
MIPremiumPaymentTimingTypeOtherDescriptionA free-form text field used to collect additional information when Other is selected for MI Premium Payment Timing 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.".
PaymentFinancedIndicatorWhen true, indicates that the payment of any portion of the fee was financed into the original loan amount.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".
PaymentIncludedInAPRIndicatorWhen true, indicates fee is to be included in APR calculations.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".
PaymentIncludedInJurisdictionHighCostIndicatorWhen true, indicates the amount of the payment is included in the points and fees calculation appropriated to the jurisdiction of the subject 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".
PrepaidFinanceChargeIndicatorWhen true, indicates the payment is to be treated as a prepaid finance charge and factored into the calculation of the APR.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".
RegulationZPointsAndFeesIndicatorWhen true, indicates that item is included in the Regulation Z Points and Fees calculation.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\LOANS\LOAN\MI_DATA\MI_PREMIUMS\MI_PREMIUM\MI_PREMIUM_PAYMENTS