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
| Value | Meaning |
|---|---|
| D | Deferred |
| P | Single Payment |
| W | Weekly |
| B | Bi-weekly |
| E | Semi-monthly |
| M | Monthly |
| L | Bi-monthly |
| Q | Quarterly |
| T | Tri-annually |
| S | Semi-annually |
| Y | Annually |
Terms Frequency Codes: full reference
One character stating how often a payment is contractually due, and the unit that makes Terms Duration mean anything. Each code has its own page covering what it means, when to report it, and the cross-field rules it has to satisfy.
Validation Rules
- Must be valid frequency code
- Must align with account type
Examples
MWBCommon 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
Other Account Information
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