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1408 Remittance Type Code

Length
Fixed length of 2
Allowed Codes
3 defined values

Remittance Type Code (1408), is an Identifier type element, and with a fixed length of 2. Sign up free or login to view the full element and download it in Markdown or console (text) formats.

Allowed Codes
Code Description
01 Actual Principal Actual Interest Remittance
02 Scheduled Interest Actual Principal Remittance
03 Scheduled Principal Scheduled Interest Remittance

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See every allowed code, usage note, and implementation detail for Remittance Type Code. Download it in console (text) or Markdown format, or use the tedi CLI to access the full X12 reference from your terminal.

Appears in segments

Used by transaction sets