Difference between revisions of "FM SFLP.Current Interest Rate"
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== Definition == | == Definition == | ||
| − | <b>Current Interest Rate</b> | + | <b>Current Interest Rate</b> is the [[Interest Rate | rate of interest]] in effect for the periodic installment due for the [[Mortgage Loan]]. |
== Notes == | == Notes == | ||
| − | |||
| − | The field belongs to the [[FM SFLP Template]] | + | * For a mortgage loan that has been [[Loan Modification | modified]], this value will be updated to reflect the modified terms, if applicable. |
| + | * The field belongs to the [[FM SFLP Template]] | ||
== Field Characteristics == | == Field Characteristics == | ||
| Line 13: | Line 13: | ||
* Data Type: NUMERIC | * Data Type: NUMERIC | ||
* Data Maximum Length: 9(2).999 | * Data Maximum Length: 9(2).999 | ||
| + | |||
| + | == See Also == | ||
| + | * [[FM SFLP.Original Interest Rate]] | ||
== Disclaimer == | == Disclaimer == | ||
Revision as of 17:14, 16 May 2024
Definition
Current Interest Rate is the rate of interest in effect for the periodic installment due for the Mortgage Loan.
Notes
- For a mortgage loan that has been modified, this value will be updated to reflect the modified terms, if applicable.
- The field belongs to the FM SFLP Template
Field Characteristics
- FM SFLP Field Index: 9
- Column Label: CURR_RATE
- Data Type: NUMERIC
- Data Maximum Length: 9(2).999
See Also
Disclaimer
This information is provided as is. Refer to the FM SFLP Template for pointers to definitive instructions about hte SFLP data templates
