FM SFLP.ARM Balloon Indicator
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Revision as of 14:51, 17 January 2023 by Wiki admin (talk | contribs) (Created page with " == Definition == <b>ARM Balloon Indicator</b>.: For an adjustable-rate mortgage loan, a code that denotes if the loan has a balloon feature. == Notes == Y = Yes; N = No App...")
Definition
ARM Balloon Indicator.: For an adjustable-rate mortgage loan, a code that denotes if the loan has a balloon feature.
Notes
Y = Yes; N = No
Applicable to certain CIRT offerings
.
The field belongs to the FM SFLP Template
Field Characteristics
- FM SFLP Field Index: 100
- 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