RLD Down Payment Data
RLD Down Payment Data
To provide amount or nature of loan down payment
Position
Element
Name
Type
Requirement
Min
Max
Repeat
RLD-01
Type of Funds Code
Identifier (ID)
Optional
2
2
-
Code indicating the type of funds paid
RLD01 defines the type of down payment.
RLD-02
Monetary Amount
Decimal number (R)
Conditional
1
18
-
Monetary amount
RLD02 is the amount of the down payment in dollars, unless qualified by RLD04.
RLD-03
Description
String (AN)
Optional
1
80
-
A free-form description to clarify the related data elements and their content
RLD03 is the source of the down payment.
RLD-04
Amount Qualifier Code
Identifier (ID)
Optional
1
3
-
Code specifying the amount qualifier
RLD04 is the type of funding, either closing costs or secondary financing.