EDI 191 Mapping Specifications for the Student Loan Pre-Claims And Claims Format


AgencySet IDFGTransaction DescriptionSubcommitteeStandard
ANSI191SDStudent Loan Pre-Claims And Claims FinanceDownload

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Official Definition:
Data contents of the Student Loan Pre-Claims and Claims Transaction Set (191) for use within the context of an Electronic Data Interchange (EDI) environment. This transaction set can be used by lending institutions (lenders), secondary markets, or student loan servicers to exchange information with guarantee agencies (guarantors) regarding pre-claims assistance on student loans that are approaching a default status and claim payment requests for defaulted student loans. This information includes, but is not limited to, borrower identification, loan detail, payment history, and due diligence history. Federal regulations require loan owners to file a pre-claims assistance request as part of their due diligence process, prior to filing a claim for default reimbursement. Loan owners are also required to file specific information to submit a claim payment request.


All EDI 191 Mapping Guides and Specs


Solutions:
Are you looking to trade the EDI 191 transaction with one of your trading partners? Do you need an EDI VAN Savings solution to exchange the 191? Or perhaps you would like to use a Cloud-Based application, so you can plug your 191 transaction directly into your ERP and TMS systems. Even small companies have the ability to trade the 191 using an EDI Web Browser solution.



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