Table of Contents
Uses the Component:CreditContractType
CreditContract defines the Credit Contract process for individual dealers to submit credit contracts to lenders.
Table 6.1. Fields and Components
| Name | Description | Occurrence | Type | Data Type | User Notes |
|---|---|---|---|---|---|
| ContractHeaderBase |
The Header component represents summary information about the credit contract. | 1..1 | Component | ContractHeaderBaseType | |
| FinanceParty |
The FinanceCompany represents the business party receiving the Credit Contract. | 1..1 | Component | PartyABIEType | |
| DealerParty |
The Financing Component represents finance information for the credit contract. | 1..1 | Component | PartyABIEType | |
| Applicants |
The IndividualApplicant Component represents the business party applying for vehicle financing. | 0..1 | Component | ApplicantsType | |
| CreditVehicle |
The CreditVehicle component represents information about the vehicle that the Applicant is interested in purchasing. | 1..1 | Component | CreditVehicleABIEType | |
| ContractFinancing |
The Financing component represents finance information for the credit contract. | 1..1 | Component | ContractFinancingType | |
| CreditPrimaryDriver |
The PrimaryDriver component represents the business party who will be the primary driver of the vehicle being financed if different from the Applicant, Co-Applicant or Organizational Applicant. | 0..1 | Component | PrimaryDriverType | |
| AdditionalContractAttribute |
The AdditionalContractAttribute component represents additional items to the contract that facilitate validation and discounting of finance plan. | 0..* | Component | AdditionalContractAttributeType | |
| OtherOwnerParty |
The OtherOwner component represents an individual whose name is on the title of the vehicle but is not responsible for paying the debt. | 0..1 | Component | PartyABIEType | |
| GuarantorParty |
The Guarantor is the party who makes or gives a guarantee for the financing. | 0..* | Component | PartyABIEType |
The XML Sample provided here is an approximation of the generated XML for this component. Not all of the fields are required for implementation.
Example 6.1. CreditContract
<CreditContract>
<ContractHeaderBase>......</ContractHeaderBase> [1..1]
<FinanceParty>......</FinanceParty> [1..1]
<DealerParty>......</DealerParty> [1..1]
<Applicants>......</Applicants> [0..1]
<CreditVehicle>......</CreditVehicle> [1..1]
<ContractFinancing>......</ContractFinancing> [1..1]
<CreditPrimaryDriver>......</CreditPrimaryDriver> [0..1]
<AdditionalContractAttribute>......</AdditionalContractAttribute> [0..*]
<OtherOwnerParty>......</OtherOwnerParty> [0..1]
<GuarantorParty>......</GuarantorParty> [0..*]
</CreditContract>