RLD Down Payment Data

To provide amount or nature of loan down payment

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Position: RLD-01 · Element: 1083 · Name: Type of Funds Code · Type: Identifier (ID) · Requirement: Optional · Min: 2 · Max: 2 · Repeat: 1

Code indicating the type of funds paid

RLD01 defines the type of down payment.

Position: RLD-02 · Element: 782 · Name: Monetary Amount · Type: Decimal number (R) · Requirement: Conditional · Min: 1 · Max: 18 · Repeat: 1

Monetary amount

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

Position: RLD-03 · Element: 352 · Name: Description · Type: String (AN) · Requirement: Optional · Min: 1 · Max: 80 · Repeat: 1

A free-form description to clarify the related data elements and their content

RLD03 is the source of the down payment.

Position: RLD-04 · Element: 522 · Name: Amount Qualifier Code · Type: Identifier (ID) · Requirement: Optional · Min: 1 · Max: 3 · Repeat: 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.