Difference between revisions of "FM SFLP.Prepayment Penalty Indicator"
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== Definition == | == Definition == | ||
<b>Prepayment Penalty Indicator</b>: An indicator that denotes whether the [[Borrower]] is subject to a penalty for early payment of principal ([[Prepayment]]). | <b>Prepayment Penalty Indicator</b>: An indicator that denotes whether the [[Borrower]] is subject to a penalty for early payment of principal ([[Prepayment]]). | ||
| Line 14: | Line 13: | ||
* Data Type: Boolean | * Data Type: Boolean | ||
* Data Maximum Length: X(1) | * Data Maximum Length: X(1) | ||
| + | * Temporal Classification: Acquisition | ||
| + | * Data Category: Loan | ||
| + | |||
| + | == Implementation == | ||
| + | * [https://github.com/open-risk/openNPL openNPL repository] | ||
| + | |||
| + | == Learn More == | ||
| + | * [https://www.openriskacademy.com/course/index.php?categoryid=37 Mortgage Modeling Courses] | ||
| + | |||
| + | == Discuss == | ||
| + | * [https://www.openriskcommons.org/c/academy/mortgage-modeling/35 Commons Mortgage Modeling Discussions] | ||
| + | * [https://www.openriskcommons.org/c/open-source/opennpl/13 Commons openNPL Discussions] | ||
== Disclaimer == | == Disclaimer == | ||
Latest revision as of 13:54, 17 May 2024
Contents
Definition
Prepayment Penalty Indicator: An indicator that denotes whether the Borrower is subject to a penalty for early payment of principal (Prepayment).
Notes
- Valid Values:
- Y = Yes
- N = No.
- The field belongs to the FM SFLP Template
Field Characteristics
- FM SFLP Field Index: 36
- Column Label: PPMT_FLAG
- Data Type: Boolean
- Data Maximum Length: X(1)
- Temporal Classification: Acquisition
- Data Category: Loan
Implementation
Learn More
Discuss
Disclaimer
This information is provided as is. Refer to the FM SFLP Template for pointers to definitive instructions about hte SFLP data templates
