CONDITION

Description
Information about conditions that must be met to satisfy requirements.

Type : CONDITION

Definition
Information about conditions that must be met to satisfy requirements.
(Defined in file MISMO_3.4.0_B324.xsd , or a file it imports)

Elements
ConditionDescriptionThe closing instruction text description.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.".
ConditionMetIndicatorWhen true, indicates that the condition has been satisfied.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".
ConditionSatisfactionApprovedByNameThe name of the person who signs off that the condition has been met.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.".
ConditionSatisfactionDateThe date the condition was met/satisfied.A data type of Date SHOULD identify a data point that represents numerically a specific year, month and year, or day month and year of the Gregorian Calendar. Full dates MUST be represented in the extended format CCYY-MM-DD CCYY is a four-digit year, "0001" through "9999" MM is a two-digit month of that year, "01" through "12" DD is a two-digit day of that month, "01" through "31" Padded zeros must be used. - is the required separator between CCYY-MM-DD if the day or month and day are dropped, the preceding separator is also dropped an optional trailing time zone indicator is permitted using either Z (for Coordinated Universal Time UTC) or an offset from UTC using +hh:mm or -hh:mm as in Datetime Note that negative or extended (more than 4 digit) years are not permitted. EXAMPLE: A Next Escrow Review Date that discloses the year and month would be expressed as "2010-06".
ConditionSatisfactionDueDateThe date the condition must be satisfied before the loan can proceed.A data type of Date SHOULD identify a data point that represents numerically a specific year, month and year, or day month and year of the Gregorian Calendar. Full dates MUST be represented in the extended format CCYY-MM-DD CCYY is a four-digit year, "0001" through "9999" MM is a two-digit month of that year, "01" through "12" DD is a two-digit day of that month, "01" through "31" Padded zeros must be used. - is the required separator between CCYY-MM-DD if the day or month and day are dropped, the preceding separator is also dropped an optional trailing time zone indicator is permitted using either Z (for Coordinated Universal Time UTC) or an offset from UTC using +hh:mm or -hh:mm as in Datetime Note that negative or extended (more than 4 digit) years are not permitted. EXAMPLE: A Next Escrow Review Date that discloses the year and month would be expressed as "2010-06".
ConditionSatisfactionResponsiblePartyTypeThe party responsible for obtaining the necessary information to satisfy the condition.The party responsible for obtaining the necessary information to satisfy the condition.
ConditionSatisfactionResponsiblePartyTypeOtherDescriptionA free-form text field used to collect additional information when Other is selected for Condition Satisfaction Responsible Party 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.".
ConditionSatisfactionTimeframeTypeThe point in the Loan Process where this condition must be satisfied before proceeding to the next stage.The point in the Loan Process where this condition must be satisfied before proceeding to the next stage.
ConditionSatisfactionTimeframeTypeOtherDescriptionA free-form text field used to collect additional information when Other is selected for Condition Satisfaction Timeframe 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.".
ConditionWaivedIndicatorWhen true, indicates that the condition has been waived.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

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_INSTRUCTION\CONDITIONS