Difference between revisions of "FM SFLP.Original Loan Term"

From Open Risk Manual
 
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== Definition ==
 
== Definition ==
<b>Original Loan Term</b>: For fixed-rate, adjustable-rate and Interest-only mortgages, the number of months in which regularly scheduled borrower payments are due at the time the loan was originated.
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<b>Original Loan Term</b>: For [[Fixed Interest Rate | fixed-rate]], [[Interest Rate Adjustment | adjustable-rate]] and Interest-only mortgages, the number of months in which regularly scheduled borrower payments are due at the time the loan was originated.
  
 
== Notes ==
 
== Notes ==

Latest revision as of 17:28, 11 March 2023

Definition

Original Loan Term: For fixed-rate, adjustable-rate and Interest-only mortgages, the number of months in which regularly scheduled borrower payments are due at the time the loan was originated.

Notes

The field belongs to the FM SFLP Template

Field Characteristics

  • FM SFLP Field Index: 13
  • Column Label: ORIG_TERM
  • Data Type: NUMERIC
  • Data Maximum Length: 9(3)

Disclaimer

This information is provided as is. Refer to the FM SFLP Template for pointers to definitive instructions about hte SFLP data templates