RLD Down Payment Data
To provide amount or nature of loan down payment
Type of Funds Code
Code indicating the type of funds paid
RLD01 defines the type of down payment.
Decimal number (R)
RLD02 is the amount of the down payment in dollars, unless qualified by RLD04.
A free-form description to clarify the related data elements and their content
RLD03 is the source of the down payment.
Amount Qualifier Code
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.