Difference between revisions of "FM SFLP.Principal Forgiveness Amount"
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== Definition == | == Definition == | ||
− | <b>Principal Forgiveness Amount</b>: A reduction of the | + | <b>Principal Forgiveness Amount</b>: A reduction of the [[Unpaid Principal Balance]] owed on a [[Mortgage Loan]] by a [[Borrower]] that is formally agreed to by the lender and the borrower, usually in conjunction with a [[Loan Modification]]. |
== Notes == | == Notes == | ||
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== Field Characteristics == | == Field Characteristics == | ||
* FM SFLP Field Index: 64 | * FM SFLP Field Index: 64 | ||
− | * Column Label: | + | * Column Label: FORGIVENESS_AMOUNT |
* Data Type: NUMERIC | * Data Type: NUMERIC | ||
* Data Maximum Length: 9(10).99 | * Data Maximum Length: 9(10).99 |
Revision as of 18:44, 16 May 2024
Definition
Principal Forgiveness Amount: A reduction of the Unpaid Principal Balance owed on a Mortgage Loan by a Borrower that is formally agreed to by the lender and the borrower, usually in conjunction with a Loan Modification.
Notes
The field belongs to the FM SFLP Template
Field Characteristics
- FM SFLP Field Index: 64
- Column Label: FORGIVENESS_AMOUNT
- Data Type: NUMERIC
- Data Maximum Length: 9(10).99
Disclaimer
This information is provided as is. Refer to the FM SFLP Template for pointers to definitive instructions about hte SFLP data templates