| ClosingInstructionsConsolidatedClosingConditionsDescription | Consolidated description of all closing instructions. Use this field when the individual closing conditions are not represented in separate entries.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.". |
| ClosingInstructionsPropertyTaxMessageDescription | The text message to the closing agent regarding the status of tax payments for the subject property.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.". |
| ClosingInstructionsTermiteReportRequiredIndicator | When true, indicates that a Termite Report is a requirement of closing.A data type of Indicator SHOULD identify a data point that represents a boolean value.
The value choices SHOULD be "true" or "false" but MAY be "1" or "0".
EXAMPLE: A Basement Finished Indicator for a basement that qualifies would be expressed as "true". |
| EXTENSION | |
| FundingCutoffTime | The time of day by which the executed loan documents must be received for funding to occur.A data type of Time SHOULD identify a data point that represents numerically a time of day expressed in hours, minutes and seconds.
Times MUST be represented in the hh:mm:ss format
hh is a two-digit hour of that day, "00" through "23"
mm is a two-digit minute of that hour, "00" through "59"
ss is a two-digit second of that minute, "00" through "59"
: is the required separator between hh:mm:ss
Padded leading zeroes must be used throughout.
an optional time zone indicator may be appended using either Z (for Coordinated Universal Time UTC) or an offset from UTC using +hh:mm or -hh:mm
an optional fractional seconds (decimal point and up to 9 digits) is permitted after the seconds but before any time zone.
EXAMPLE: An Requested Closing Time of noon EST could be expressed as "12:00:00-05:00". |
| HoursDocumentsNeededPriorToDisbursementCount | The number of hours by which the executed loan documents must be received prior to funds disbursement. This field is used on the Closing Instructions to identify funding lenders requirements in terms of when funds disbursement will occur in relation to the lenders receipt of the fully executed loan documents.A data type of Count SHOULD identify a non-negative number value that is a whole number with a maximum value of 2147483647. It SHALL NOT contain any punctuation.
EXAMPLE: A Total Bathroom Count for a dwelling unit with one full bathroom and one partial bathroom would be expressed as "2". |
| LeadBasedPaintCertificationRequiredIndicator | Indicates that a Lead Base Certification is a requirement of closing.A data type of Indicator SHOULD identify a data point that represents a boolean value.
The value choices SHOULD be "true" or "false" but MAY be "1" or "0".
EXAMPLE: A Basement Finished Indicator for a basement that qualifies would be expressed as "true". |