08/24/2021
(ASC X12) 1082 Use of Proceeds Code
TYPE=ID MIN=2 MAX=2
Code specifying how proceeds will be used or why they are being requested
Codes
| 01 Cash | |
| 02 Change in Rate or Term or Both | |
| 04 Home Improvement | |
| 05 Education | |
| 06 Medical | |
| 07 Increase Rate | |
| 08 Reduce Term | |
| 09 Adjustable Rate to Fixed Rate | |
| 11 Debt Consolidation Refinance | |
| 12 Debt Consolidation | |
| 13 Change in Loan Type | |
| 14 Other Purpose | |
| 16 Purchase | |
| 17 Reduce Rate | |
| 18 Equity Takeout | |
| 20 Construction to Permanent | |
| 21 Construction | |
| 22 Combined Construction and Permanent | |
| 23 Increase Term | |
| 24 Balloon Satisfaction | |
| 25 Rate or Term Refinance with Cash Out | |
| ZZ Mutually Defined |
Appears in
| LRQ | Mortgage Characteristics Requested |
Categories: