CLOSING_COST_FUND

Description
Information on the amount, type and source of funds needed to close the real estate transaction.

Type : CLOSING_COST_FUND

Definition
Information on the amount, type and source of funds needed to close the real estate transaction.
(Defined in file MISMO_3.4.0_B324.xsd , or a file it imports)

Elements
ClosingCostFundAmountThe dollar amount of funds supplied by a specified source at closing.A data type of Amount SHOULD identify a number value that is an amount of money and MAY have a CurrencyURI attribute. It SHALL NOT contain any punctuation other than the decimal point or sign values. The decimal point is ALWAYS the US nationalization character (.) in the designated character encoding (UTF-8 assumed when not stated ) It SHOULD be able to contain at least 18 digits. EXAMPLE: An Unpaid Principle Balance Amount of $100,000.12 would be expressed as "100000.12".
EXTENSION
FundsSourceTypeA value from a MISMO prescribed list that specifies the party providing the associated funds.A value from a MISMO prescribed list that specifies the party providing the associated funds.
FundsSourceTypeOtherDescriptionA free-form text field that specifies the enumeration when the value of Other is used for Funds Source Type.A data type of String SHOULD identify a data point that is either a text value consisting of a word, phrase, sentence, paragraph, or formatted (TAB, CR, LF) character content depending on its purpose or a numeric value with a maximum of 16383 characters and MAY have the lang attribute. There is no list of valid values provided. EXAMPLE: A Disqualificaton Reason Text for excluding a product from those offered to a borrower could be expressed as "Does not meet income to indebtedness guidelines for down payment support.".
FundsTypeA monetary source commonly used to pay obligations in a mortgage loan transaction.A monetary source commonly used to pay obligations in a mortgage loan transaction.
FundsTypeOtherDescriptionA free-form text field used to collect additional information when Other is selected for Funds Type.A data type of String SHOULD identify a data point that is either a text value consisting of a word, phrase, sentence, paragraph, or formatted (TAB, CR, LF) character content depending on its purpose or a numeric value with a maximum of 16383 characters and MAY have the lang attribute. There is no list of valid values provided. EXAMPLE: A Disqualificaton Reason Text for excluding a product from those offered to a borrower could be expressed as "Does not meet income to indebtedness guidelines for down payment support.".
IntegratedDisclosureLineNumberValueThe line identifier for the item as represented in a section of the Integrated Disclosure form.A data type of Value SHOULD identify a data point that is a String generated as the result of applying an algorithm to other data and MAY have AlgorithmURI and lang attributes. EXAMPLE: A Delivery Point Bar Code Value could be expressed as "20500999901".
IntegratedDisclosureSectionTypeA value from a MISMO prescribed list that represents the title or description of a primary section of an integrated disclosure document.A value from a MISMO prescribed list that represents the title or description of a primary section of an integrated disclosure document.
IntegratedDisclosureSectionTypeOtherDescriptionA free-form text field used to capture additional information when Other is selected for Integrated Disclosure Section Type.A data type of String SHOULD identify a data point that is either a text value consisting of a word, phrase, sentence, paragraph, or formatted (TAB, CR, LF) character content depending on its purpose or a numeric value with a maximum of 16383 characters and MAY have the lang attribute. There is no list of valid values provided. EXAMPLE: A Disqualificaton Reason Text for excluding a product from those offered to a borrower could be expressed as "Does not meet income to indebtedness guidelines for down payment support.".

Attributes
label
SequenceNumberAn integer value used to provide an order to multi-instance sibling elements. The value must be unique for each sibling element.

Parents
\MESSAGE\DEAL_SETS\DEAL_SET\DEALS\DEAL\LOANS\LOAN\CLOSING_INFORMATION\CLOSING_COST_FUNDS