RLD Down Payment Data

To provide amount or nature of loan down payment

Position
Element
Name
Type
Requirement
Min
Max
Repeat
RLD01
Type of Funds Code
Identifier (ID)
Optional
2
2
1
Code indicating the type of funds paid
RLD01 defines the type of down payment.
RLD02
Monetary Amount
Decimal number (R)
Conditional
1
18
1
Monetary amount
RLD02 is the amount of the down payment in dollars, unless qualified by RLD04.
RLD03
Description
String (AN)
Optional
1
80
1
A free-form description to clarify the related data elements and their content
RLD03 is the source of the down payment.
RLD04
Amount Qualifier Code
Identifier (ID)
Optional
1
3
1
Code specifying the amount qualifier
C0402: If RLD-04 is present, then RLD-02 is required
RLD04 is the type of funding, either closing costs or secondary financing.

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