MISMO element PAYMENT

Abstract	false (This can be used in an instance)
Nillable	false (Instance values cannot use xsi:nil)
Declared Namespaces	xmlns:xsd=http://www.w3.org/2001/XMLSchema

<xsd:element name="PAYMENT_RULE">
    <xsd:annotation>
        <xsd:documentation xml:lang="en">Information specific to the timing of borrower payment due notification and how to calculate late charges associated with each payment.</xsd:documentation>
    </xsd:annotation>
    <xsd:complexType>
        <xsd:attribute name="PaymentRuleID" type="xsd:ID" use="optional">
            <xsd:annotation>
                <xsd:documentation xml:lang="en">Provides a unique Identifier for this container and a means by which to reference this container from within this data set</xsd:documentation>
            </xsd:annotation>
        </xsd:attribute>
        <xsd:attribute name="LateChargeGracePeriod" type="xsd:string" use="optional">
            <xsd:annotation>
                <xsd:documentation xml:lang="en">The grace period in days for this loan before a late charge will be applied.</xsd:documentation>
            </xsd:annotation>
        </xsd:attribute>
        <xsd:attribute name="LateChargeType" use="optional">
            <xsd:simpleType>
                <xsd:annotation>
                    <xsd:documentation xml:lang="en">The type of late charge that may be applied to the loan.</xsd:documentation>
                </xsd:annotation>
                <xsd:restriction base="xsd:string">
                    <xsd:enumeration value="PercentOfPrincipalAndInterest">
                        <xsd:annotation>
                            <xsd:documentation xml:lang="en">Late charge is a percentage of principal and interest amount.</xsd:documentation>
                        </xsd:annotation>
                    </xsd:enumeration>
                    <xsd:enumeration value="PercentageOfPrincipalBalance">
                        <xsd:annotation>
                            <xsd:documentation xml:lang="en">Late charge is a percentage of the principal balance.</xsd:documentation>
                        </xsd:annotation>
                    </xsd:enumeration>
                    <xsd:enumeration value="PercentageOfTotalPayment">
                        <xsd:annotation>
                            <xsd:documentation xml:lang="en">Late charge is a percentage of the total payment.</xsd:documentation>
                        </xsd:annotation>
                    </xsd:enumeration>
                    <xsd:enumeration value="NoLateCharges"/>
                    <xsd:enumeration value="FlatDollarAmount"/>
                    <xsd:enumeration value="PercentageOfDelinquentInterest">
                        <xsd:annotation>
                            <xsd:documentation xml:lang="en">Late charge is a percentage of the delinquent interest on any overdue payment.</xsd:documentation>
                        </xsd:annotation>
                    </xsd:enumeration>
                    <xsd:enumeration value="PercentageOfNetPayment">
                        <xsd:annotation>
                            <xsd:documentation xml:lang="en">Late change is a percentage of the total payment less any buydown subsidy or optional insurance portion of that payment.</xsd:documentation>
                        </xsd:annotation>
                    </xsd:enumeration>
                </xsd:restriction>
            </xsd:simpleType>
        </xsd:attribute>
        <xsd:attribute name="LateChargeAmount" type="xsd:string" use="optional">
            <xsd:annotation>
                <xsd:documentation xml:lang="en">The dollar amount that a borrower is required to pay for failure to make a regular installment within the period specified on the note. This is used when late charge is defined as a flat dollar amount.</xsd:documentation>
            </xsd:annotation>
        </xsd:attribute>
        <xsd:attribute name="LateChargeRate" type="xsd:string" use="optional">
            <xsd:annotation>
                <xsd:documentation xml:lang="en">The percentage that a borrower is required to pay for failure to make a regular installment within the period specified on the note. This is the amount specified by the late charge code and is used when the late charge is not a flat dollar.</xsd:documentation>
            </xsd:annotation>
        </xsd:attribute>
        <xsd:attribute name="LateChargeMaximumAmount" type="xsd:string" use="optional">
            <xsd:annotation>
                <xsd:documentation xml:lang="en">The maximum monthly late charge amount allowed.</xsd:documentation>
            </xsd:annotation>
        </xsd:attribute>
        <xsd:attribute name="LateChargeMinimumAmount" type="xsd:string" use="optional">
            <xsd:annotation>
                <xsd:documentation xml:lang="en">The minimum monthly late charge amount allowed.</xsd:documentation>
            </xsd:annotation>
        </xsd:attribute>
        <xsd:attribute name="PaymentBillingStatementFrequencyType" use="optional">
            <xsd:simpleType>
                <xsd:annotation>
                    <xsd:documentation xml:lang="en">Identifies the frequency that statements are sent to the borrower.</xsd:documentation>
                </xsd:annotation>
                <xsd:restriction base="xsd:string">
                    <xsd:enumeration value="Monthly"/>
                    <xsd:enumeration value="Quarterly"/>
                    <xsd:enumeration value="Semiannual"/>
                    <xsd:enumeration value="Annual"/>
                </xsd:restriction>
            </xsd:simpleType>
        </xsd:attribute>
        <xsd:attribute name="PaymentFrequencyType" use="optional">
            <xsd:simpleType>
                <xsd:annotation>
                    <xsd:documentation xml:lang="en">Specifies the frequency of the mortgage payment.</xsd:documentation>
                </xsd:annotation>
                <xsd:restriction base="xsd:string">
                    <xsd:enumeration value="Biweekly">
                        <xsd:annotation>
                            <xsd:documentation xml:lang="en">Payment every other week</xsd:documentation>
                        </xsd:annotation>
                    </xsd:enumeration>
                    <xsd:enumeration value="Weekly"/>
                    <xsd:enumeration value="Monthly"/>
                    <xsd:enumeration value="Quarterly"/>
                    <xsd:enumeration value="Semiannual">
                        <xsd:annotation>
                            <xsd:documentation xml:lang="en">Payment every six months</xsd:documentation>
                        </xsd:annotation>
                    </xsd:enumeration>
                    <xsd:enumeration value="Annual"/>
                    <xsd:enumeration value="Semimonthly">
                        <xsd:annotation>
                            <xsd:documentation xml:lang="en">Payment twice a month</xsd:documentation>
                        </xsd:annotation>
                    </xsd:enumeration>
                    <xsd:enumeration value="AtMaturity">
                        <xsd:annotation>
                            <xsd:documentation xml:lang="en">Payment one time at maturity</xsd:documentation>
                        </xsd:annotation>
                    </xsd:enumeration>
                </xsd:restriction>
            </xsd:simpleType>
        </xsd:attribute>
        <xsd:attribute name="PaymentBillingMethodType" use="optional">
            <xsd:simpleType>
                <xsd:annotation>
                    <xsd:documentation xml:lang="en">Identifies the method used by the servicer to notify the mortgagor to remit the mortgage payment.</xsd:documentation>
                </xsd:annotation>
                <xsd:restriction base="xsd:string">
                    <xsd:enumeration value="NoBilling"/>
                    <xsd:enumeration value="Coupons">
                        <xsd:annotation>
                            <xsd:documentation xml:lang="en">Borrower is supplied with coupons</xsd:documentation>
                        </xsd:annotation>
                    </xsd:enumeration>
                    <xsd:enumeration value="Statement">
                        <xsd:annotation>
                            <xsd:documentation xml:lang="en">Statement is sent to Borrower according to Billing Statement Frequency.</xsd:documentation>
                        </xsd:annotation>
                    </xsd:enumeration>
                    <xsd:enumeration value="BillOnReceipt">
                        <xsd:annotation>
                            <xsd:documentation xml:lang="en">Statement sent based on transactions.</xsd:documentation>
                        </xsd:annotation>
                    </xsd:enumeration>
                    <xsd:enumeration value="StatementAndCoupon">
                        <xsd:annotation>
                            <xsd:documentation xml:lang="en">Statement is sent to Borrower according to Billing Statement Frequency and Borrower is supplied with coupons.</xsd:documentation>
                        </xsd:annotation>
                    </xsd:enumeration>
                </xsd:restriction>
            </xsd:simpleType>
        </xsd:attribute>
    </xsd:complexType>
</xsd:element>

element {}PAYMENT_RULE

Source

Documentation