Example 8 - Payment Reason Code
Table 2 - Detail
In this example, the policy premium is not being paid. A reason code explaining why is sent in the ADX segment
|
820 Data Format |
Description |
ENT*2*MM*LN*123789456; |
Entity and new loan number
- CL Changed Loan Number
- LN Loan Number
|
RMR*IG*57BB554432**0*245; |
Identifies the insurance policy number and the amounts paid and billed.
- IG Policy number
- RMR04 Amount paid (zero)
- RMR05 Amount billed from the electronic billing (811)
State Farm will receive in the 820 remittance both escrow and non-escrow policy information. Returning zero in the RMR05 element will identify non-escrow policies. Escrow policies will be identified by returning the original value of the IT104 element (of the 811 invoice) in the RMR05 element of the 820 remittance |
REF*ABC*01; |
State Farm Operation Center code from the REF*32 segment of the electronic billing (811).
- ABC Operation Center Code
|
REF*NF*25143; |
The NAIC code identifies the State Farm affiliate underwriting the insurance policy.
- 25143 State Farm Fire
- 43419 State Farm Lloyds
- 25151 State Farm General
- 10739 State Farm Florida
|
REF*TV*HOME; |
Line of business identifies the type of policy.
Other Lines of business are:
- FLOOD Flood
- RDP Rental dwelling
- DFIRE Fire
- EQKP Earthquake
- FARM Farm
- BOAT Boat owners
- RCUP Rental condo unit owner
- PPMBH Mobil Home
- PPCHO Condominium
- PPART Apartment
- COTHR Business Other
- BOP Business owner
|
REF*UA*1; |
The Mortgage Order is important when State Farm is expected to make changes, for example, to the loan number.
- UA Mortgage Order (1, 2, or 3)
|
DTM*007*20040131; |
This is the beginning date of the insurance policy’s term.
- 007 Policy effective date
|
DTM*036*20050131; |
State Farm insurance policies are continuous until cancelled. This is when the insurance policy term expires unless renewed.
- 036 Policy expiration date
|
ADX*245*H4; |
The Payment Reason code identifies why the payment differs from the originally billed amount.
- H1 Information forthcoming
- H2 Payment previously sent
- H3 Loan paid in full
- H4 Bill Insured
- H5 Loan Service Released
- H6 Partial payment remitted
- H7 Payment forthcoming
- H8 Bill Mortgagee
- H9 Coverage Summary needed
- K1 Other coverage placed
- K2 Invalid Policy Number
- K3 Renewal not received
|
