Field 29OptionalAmount Fields

    Metro 2 Field 29: Scheduled Monthly Payment Amount

    The regular scheduled payment amount. Right-justified, zero-filled. Leave blank for revolving accounts with variable minimums.

    Quick Reference

    Field Number:29
    Position:195-203
    Length:9 characters
    Type:numeric
    Record:Base Segment
    Required:No

    Validation Rules

    • Required for installment loans
    • Optional for revolving accounts
    • Should be consistent with terms and original amount

    Examples

    000035000000045000

    Common Errors

    • Missing payment amount for installment loan
    • Payment amount doesn't align with loan terms

    Tips & Best Practices

    • Include principal and interest
    • Update if payment changes due to rate adjustment

    Related Fields

    27
    Terms Duration
    For installment loans: the number of payments. For revolving...
    28
    Terms Frequency
    Indicates the frequency of payments. Most common is 'M' for ...
    26
    Highest Credit/Original Loan Amount
    For installment loans: the original loan amount. For revolvi...

    Other Amount Fields

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

    Automate Field Validation

    Metro2 software automatically validates all fields against Metro 2 specifications, catching errors before submission.

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