REC Real Estate Condition

To indicate the condition of real estate property

Position: REC-01 · Element: 689 · Name: Occupancy Code · Type: Identifier (ID) · Requirement: Mandatory · Min: 2 · Max: 2 · Repeat: -

Code specifying occupancy status of real estate property

REC01 specifies the occupancy status of the real estate property.

Position: REC-02 · Element: 726 · Name: Real Estate Property Condition Code · Type: Identifier (ID) · Requirement: Optional · Min: 2 · Max: 2 · Repeat: -

Code identifying property condition

Position: REC-03 · Element: 448 · Name: Property Damage Code · Type: Identifier (ID) · Requirement: Optional · Min: 1 · Max: 2 · Repeat: -

Code identifying the damage to property

REC03 indicates specified damage types such as fire, flood, earthquake, etc.

Position: REC-04 · Element: 1073 · Name: Yes/No Condition or Response Code · Type: Identifier (ID) · Requirement: Optional · Min: 1 · Max: 1 · Repeat: -

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, an ``N'' indicates there was not.

Position: REC-05 · Element: 380 · Name: Quantity · Type: Decimal number (R) · Requirement: Optional · Min: 1 · Max: 15 · Repeat: -

Numeric value of quantity.

REC05 indicates the number of living units.