Difference between revisions of "FM SFLP.Zero Balance Code"
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== Definition == | == Definition == | ||
| − | <b>Zero Balance Code</b> | + | <b>Zero Balance Code</b>: A code indicating the reason the loan's balance was reduced to zero or experienced a credit event, if applicable. |
== Notes == | == Notes == | ||
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== Field Characteristics == | == Field Characteristics == | ||
* FM SFLP Field Index: 44 | * FM SFLP Field Index: 44 | ||
| + | * Column Label: Zero_Bal_Code | ||
* Data Type: Choice | * Data Type: Choice | ||
* Data Maximum Length: X(3) | * Data Maximum Length: X(3) | ||
Revision as of 15:15, 17 January 2023
Definition
Zero Balance Code: A code indicating the reason the loan's balance was reduced to zero or experienced a credit event, if applicable.
Notes
01 = Prepaid or Matured 02 = Third Party Sale 03 = Short Sale 06 = Repurchased 09 = Deed-in-Lieu; REO Disposition 15 = Notes Sales 16 = Reperforming Loan Sale 96 = Removal (non-credit event)
Applies to all CAS deals prior to and including 2015-C03:
97 = Delinquency (credit event due to D180) 98 = Other Credit Event.
The field belongs to the FM SFLP Template
Field Characteristics
- FM SFLP Field Index: 44
- Column Label: Zero_Bal_Code
- Data Type: Choice
- Data Maximum Length: X(3)
Disclaimer
This information is provided as is. Refer to the FM SFLP Template for pointers to definitive instructions about hte SFLP data templates
