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I STANDARD TRANSACTION CODES. Owner PoliciesSingle Issue R31000Single Issue (per S.B.I. Bulletin #120) 1001Simultaneous with Mortgagee Policy (per S.B.I. Bulletin #120) 1002Single Issue PayAsYouGoR2c1005Single
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Standard transaction codes are codes used to classify different types of transactions for reporting purposes.
Certain businesses or individuals may be required to file standard transaction codes depending on the regulations in their jurisdiction.
Standard transaction codes can be filled out on reporting forms provided by the relevant regulatory agency or through electronic filing systems.
The purpose of standard transaction codes is to provide a standardized way to categorize and report different types of transactions for analysis and monitoring purposes.
Information such as the date of the transaction, parties involved, amount, and nature of the transaction may need to be reported on standard transaction codes.
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