MCD Mortgage Closing Data

To provide details about loan settlement

Position
Element
Name
Type
Requirement
Min
Max
Repeat
MCD01
Monetary Amount
Decimal number (R)
Mandatory
1
15
-
Monetary amount
MCD01 is the amount of the property sales price.
MCD02
Date
Date (DT)
Optional
6
6
-
Date (YYMMDD)
MCD02 is the loan settlement date (actual or scheduled).
MCD03
Monetary Amount
Decimal number (R)
Conditional
1
15
-
Monetary amount
MCD03 is the amount of any purchase deposit.
MCD04
Name
String (AN)
Optional
1
35
-
Free-form name
C0403: If MCD-04 is present, then MCD-03 is required
MCD04 is the name of the purchase deposit holder.

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