REC Real Estate Condition
REC Real Estate Condition
To indicate the condition of real estate property and, if applicable, the actions needed to correct damage
Position
Element
Name
Type
Requirement
Min
Max
Repeat
REC-01
Occupancy Code
Identifier (ID)
Mandatory
2
2
-
Code specifying occupancy status of real estate property
REC01 specifies the occupancy status of the real estate property.
REC-02
Real Estate Property Condition Code
Identifier (ID)
Conditional
2
2
-
Code identifying property condition
REC-03
Property Damage Code
Identifier (ID)
Optional
1
2
-
Code identifying the damage to property
REC03 indicates specified damage types such as fire, flood, earthquake, etc.
REC-04
Yes/No Condition or Response Code
Identifier (ID)
Optional
1
1
-
Code indicating a Yes or No condition or response
REC04 indicates whether there was other (nonsurchargeable) damage, i.e., damage which may not be added to the lender's claim for mortgage insurance benefits. A "Y" indicates there was other damage; an "N" indicates there was not.
REC-05
Quantity
Decimal number (R)
Optional
1
15
-
Numeric value of quantity
REC05 indicates the number of living units.
REC-06
Property Inspection Qualifier
Identifier (ID)
Conditional
2
2
-
Code indicating a part of the property being inspected
REC-07
Action Code
Identifier (ID)
Conditional
1
2
-
Code indicating type of action
REC-08
Quantity Qualifier
Identifier (ID)
Conditional
2
2
-
Code specifying the type of quantity
REC-09
Quantity
Decimal number (R)
Conditional
1
15
-
Numeric value of quantity
REC-10
Conditional
-
REC-11
Occupancy Verification Code
Identifier (ID)
Optional
2
2
-
Code indicating the method used to verify the occupancy of the property
REC-12
Note Reference Code
Identifier (ID)
Conditional
3
3
-
Code identifying the functional area or purpose for which the note applies
REC-13
Free Form Message
String (AN)
Conditional
1
60
-
Free-form text