Field K4-2OptionalPayment Information

    Metro 2 Field K4-2: K4 Specialized Payment Indicator

    Single-character code describing the type of specialized payment arrangement, such as deferred payment or balloon payment.

    Quick Reference

    Field Number:K4-2
    Position:3-3
    Length:1 characters
    Type:code
    Record:K4 Segment
    Required:No

    Allowed Values

    ValueMeaning
    1Deferred payment
    2Balloon payment

    Validation Rules

    • Valid specialized-payment code or blank

    Examples

    12

    Common Errors

    • Indicator that contradicts the populated payment-amount fields

    Tips & Best Practices

    • Pair the indicator with the matching amount/date field

    Related Fields

    K4-4
    K4 Balloon Payment Amount
    The dollar amount of a balloon payment due at the end of the...
    K4-3
    K4 Deferred Payment Start Date
    The date on which deferred payments begin, reported when the...

    Other Payment Information

    17BPayment Rating18Payment History Profile

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    K4 Specialized Payment Indicator - Metro 2 Field K4-2