1082 Use of Proceeds Code
Code specifying how proceeds will be used or why they are being requested
- Type
- Identifier (ID)
- Length
- Min 2 / Max 2
- Codes
| Code | Description | 
|---|
 | 01 | Cash |  | 02 | Change in Rate or Term or Both |  | 04 | Home Improvement |  | 05 | Education |  | 06 | Medical |  | 07 | Increase Rate |  | 08 | Reduce Term |  | 09 | Adjustable Rate to Fixed Rate |  | 12 | Debt Consolidation |  | 13 | Change in Loan Type |  | 14 | Other Purpose |  | 16 | Purchase |  | 17 | Reduce Rate |  | 18 | Equity Takeout |  | 20 | Construction to Permanent |  | 21 | Construction |  | 22 | Combined Construction and Permanent |  | 23 | Increase Term |  | 24 | Balloon Satisfaction |  | 25 | Rate or Term Refinance with Cash Out |  | ZZ | Mutually Defined |