205 - Mortgage Note

FUNCTIONAL GROUP=MN

This X12 Transaction Set contains the format and establishes the data contents of the Mortgage Note Transaction Set (205) for use within the context of an Electronic Data Interchange (EDI) environment. This transaction set can be used by mortgage originators, settlement agents, warehouse lenders, document custodians, secondary market entities and other industry participants to exchange the data comprising the mortgage note and mortgage characteristics.

SCHEMA

ST

Segment	Name	Position
ST	Transaction Set Header	0100
BGN	Beginning Segment	0200
TRN	Trace	0300

NM1

Segment	Name	Position
NM1	Individual or Organizational Name	0400
N2	Additional Name Information	0500
N3	Party Location	0600
N4	Geographic Location	0700
PER	Administrative Communications Contact	0800
REF	Reference Information	0900

MNC

Segment	Name	Position
MNC	Mortgage Note Characteristics	0100
SOM	Status of Mortgage	0200
REF	Reference Information	0300
DTP	Date or Time or Period	0400
N4	Geographic Location	0500
INT	Interest	0600
PCT	Percent Amounts	0700
AMT	Monetary Amount Information	0800
QTY	Quantity Information	0900
YNQ	Yes/No Question	1000
III	Information	1100

CDI

Segment	Name	Position
CDI	Change Detail Information	1200

LX

Segment	Name	Position
LX	Transaction Set Line Number	1300
VDI	Value Description or Information	1400
YNQ	Yes/No Question	1500
AMT	Monetary Amount Information	1600
PCT	Percent Amounts	1700
DTP	Date or Time or Period	1800
III	Information	1900

IN1

Segment	Name	Position
IN1	Individual Identification	2000
IN2	Individual Name Structure Components	2100
PER	Administrative Communications Contact	2200
REF	Reference Information	2300

NX1

Segment	Name	Position
NX1	Property or Entity Identification	2400
NX2	Location ID Component	2500
PDS	Property Description/Legal Description	2600

SE

Segment	Name	Position
CTT	Transaction Totals	0100
SE	Transaction Set Trailer	0200

COMMENTS

Notes
2/1000	The YNQ segment is used to answer questions regarding the high level options associated with the mortgage note (e.g., assumable, convertible, etc.) and electronic mortgage registration (e.g., Consolidation, Extension, or Modification Agreement, or Metes and Bounds Legal Description).
2/1500	The YNQ segment is used to answer questions regarding the details for specific mortgage note options (e.g., fee required, interest only, prepayment restrictions, etc.)
3/0100	Number of line items (CTT01) is the accumulation of the number of MNC segments.

rev 28/11/2024