SKIP_PAYMENT

Description
Describes the behavior of the loan when a skip payment feature is exercised.

Type : SKIP_PAYMENT

Definition
Describes the behavior of the loan when a skip payment feature is exercised.
(Defined in file MISMO_3.4.0_B324.xsd , or a file it imports)

Elements
EXTENSION
SkipPaymentActionTypeSpecifies the action to be taken when a skip payment feature is exercised.Specifies the action to be taken when a skip payment feature is exercised.
SkipPaymentActionTypeOtherDescriptionA free-form text field used to collect additional information when Other is selected for Skip Payment Action 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.".
SkipPaymentInitialRestrictionTermMonthsCountThe number of months from origination during which the skip payment feature may not be exercised.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".
SkippedPaymentCountThe total number of loan payments that a borrower has skipped since loan origination.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".

Attributes
label

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