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 |