Field K4-4OptionalAmount Fields

    Metro 2 Field K4-4: K4 Balloon Payment Amount

    The dollar amount of a balloon payment due at the end of the loan term, reported when the K4 indicator denotes a balloon arrangement.

    Quick Reference

    Field Number:K4-4
    Position:12-20
    Length:9 characters
    Type:numeric
    Record:K4 Segment
    Required:No

    Validation Rules

    • Numeric whole dollars, zero-filled when unused
    • Populate when the specialized payment indicator is balloon

    Examples

    000015000000000000

    Common Errors

    • Balloon amount present without the balloon indicator

    Tips & Best Practices

    • Keep the balloon amount and indicator consistent

    Related Fields

    K4-2
    K4 Specialized Payment Indicator
    Single-character code describing the type of specialized pay...
    29
    Scheduled Monthly Payment Amount
    The regular scheduled payment amount. Right-justified, zero-...

    Other Amount Fields

    21Current Balance22Amount Past Due25Credit Limit26Highest Credit/Original Loan Amount29Scheduled Monthly Payment Amount30Actual Payment Amount

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    K4 Balloon Payment Amount - Metro 2 Field K4-4