Navigation:  Loan Screens > Account Information Screen Group > Additional Loan Fields Screen > Origination/Maturity tab > Assumption Code

Entry: System, numeric

F/M: Yes

Mnemonic: LNASCD

Screen: Loans > Account Information > Additional Loan Fields > Origination/Maturity tab

 

This field contains the assumption code for this loan. Valid entries are "1" for a Full-Release of Seller and "2" for a Non-Release of Seller. If the loan was assumed using the Assumption system, once the assumption is completed, this field is updated by the assumption code in the Assumption system.