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

Code indicating the type of funds paid

RLD01 defines the type of down payment.

RLD02

Monetary Amount

Decimal number (R)

Conditional

Monetary amount

RLD02 is the amount of the down payment in dollars, unless qualified by RLD04.

RLD03

Description

String (AN)

Optional

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

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.