11/21/2021
(ASC X12) C048 Composite Use of Proceeds
To identify one or more uses of loan proceeds
Elements
| Position | Element | Name | Type | Requirement | Min | Max | Repeat |
| C04801 | 1082 | Use of Proceeds Code | Identifier(ID) | Mandatory | 2 | 2 | |
| C04802 | 1680 | Refinance Type Code | Identifier(ID) | Optional | 2 | 2 | |
| C04803 | 1082 | Use of Proceeds Code | Identifier(ID) | Optional | 2 | 2 | |
| C04804 | 1073 | Code specifying how proceeds will be used or why they are being requested | Identifier(ID) | Optional | 1 | 1 |
Appears in
| ANSI X12 LRQ | Mortgage Characteristics Requested |
| ANSI X12 LUC | Loan Underwriting |
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