Difference between revisions of "FM SFLP.Interest Only Loan Indicator"
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== Definition == | == Definition == | ||
<b>Interest Only Loan Indicator</b>: An indicator that denotes whether the loan only requires interest payments for a specified period of time beginning with the first payment date. | <b>Interest Only Loan Indicator</b>: An indicator that denotes whether the loan only requires interest payments for a specified period of time beginning with the first payment date. | ||
== Notes == | == Notes == | ||
− | Y = Yes | + | * Y = Yes |
+ | * N = No. | ||
+ | |||
The field belongs to the [[FM SFLP Template]] | The field belongs to the [[FM SFLP Template]] |
Latest revision as of 17:32, 17 January 2023
Definition
Interest Only Loan Indicator: An indicator that denotes whether the loan only requires interest payments for a specified period of time beginning with the first payment date.
Notes
- 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