Field 28OptionalAccount Information

    Metro 2 Field 28: Terms Frequency

    Indicates the frequency of payments. Most common is 'M' for monthly.

    Quick Reference

    Field Number:28
    Position:194-194
    Length:1 characters
    Type:code
    Record:Base Segment
    Required:No

    Allowed Values

    ValueMeaning
    DDeferred
    PSingle payment
    WWeekly
    BBi-weekly
    ESemi-monthly
    MMonthly
    LBi-monthly
    QQuarterly
    TTri-annually
    SSemi-annually
    YAnnually

    Validation Rules

    • Must be valid frequency code
    • Must align with account type

    Examples

    MWB

    Common Errors

    • Using wrong frequency for payment schedule

    Tips & Best Practices

    • Most consumer loans use 'M' for monthly
    • Use 'D' for accounts in deferment

    Related Fields

    27
    Terms Duration
    For installment loans: the number of payments. For revolving...

    Other Account Information

    17AAccount Status27Terms Duration15Account Type14Portfolio Type10ECOA Code34Consumer Transaction Type

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