FM SFLP.Interest Rate Adjustment Frequency
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Revision as of 14:50, 17 January 2023 by Wiki admin (talk | contribs) (Created page with " == Definition == <b>Interest Rate Adjustment Frequency</b>.: For an adjustable-rate mortgage loan, the number of months between scheduled rate changes. For loans with an Init...")
Definition
Interest Rate Adjustment Frequency.: For an adjustable-rate mortgage loan, the number of months between scheduled rate changes. For loans with an Initial Fixed-Rate Period, the number of months between subsequent rate adjustments.
Notes
Applicable to certain CIRT offerings.
The field belongs to the FM SFLP Template
Field Characteristics
- FM SFLP Field Index: 91
- Data Type: NUMERIC
- Data Maximum Length: 9(4)
Disclaimer
This information is provided as is. Refer to the FM SFLP Template for pointers to definitive instructions about hte SFLP data templates
