FM SFLP.Original Loan Term
From Open Risk Manual
Revision as of 14:49, 17 January 2023 by Wiki admin (talk | contribs) (Created page with " == 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...")
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
- 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