ReversePaymentPlanType

Description
Specifies the manner in which loan proceeds are paid out to the borrower.

Type : ReversePaymentPlanEnum
Value Description
LineOfCreditThe entire loan amount is available as a line of credit as long as the borrower occupies the property. Interest is only paid on the funds withdrawn for use.
ModifiedTenureReceive equal monthly proceeds for as long as the borrower occupies the property and has the option to draw against a line of credit.
ModifiedTermReceive equal monthly proceeds for a fixed period of time and has the option to draw against a line of credit. The borrower must occupy the property to receive the monthly proceeds.
Other
TenureReceive equal monthly proceeds for as long as the borrower occupies the property.
TermReceive equal monthly proceeds for a fixed period of time. The borrower must occupy the property to receive the monthly proceeds.

Definition
Specifies the manner in which loan proceeds are paid out to the borrower.
(Defined in file MISMO_3.4.0_B324.xsd , or a file it imports)

Attributes
DataNotSuppliedReasonTypeA value from a MISMO prescribed list that specifies the reason a specific data point is not included in the message.
DataNotSuppliedReasonTypeAdditionalDescriptionA free-form text field used to provide a supplemental comment or remark regarding the Data Not Supplied Reason Type.
DataNotSuppliedReasonTypeOtherDescriptionA free-form text field used to capture the enumeration when Other is selected for Data Not Supplied Reason Type.
label
SensitiveIndicatorAllows producers and consumers of XML instance documents that are valid MISMO V3 documents to mark any data point to be treated as sensitive. MISMO recommends that any use of a data point labeled as "Sensitive Information" in the LDD ALWAYS have this attribute set to "true".

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