FM SFLP.Interest Only Loan Indicator
From Open Risk Manual
Definition
Interest Only Loan Indicator: An indicator that denotes whether a Mortgage Loan only requires interest payments for a specified period of time beginning with the first payment date (Interest Only Loan).
Notes
- Valid Values:
- Y = Yes
- N = No.
- The field belongs to the FM SFLP Template
Field Characteristics
- FM SFLP Field Index: 37
- Column Label: IO
- Data Type: Boolean
- Data Maximum Length: X(1)
Disclaimer
This information is provided as is. Refer to the FM SFLP Template for pointers to definitive instructions about hte SFLP data templates