HOLDBACK_ITEM

Description
Contains information about escrow accounts setup after closing for moneys held back until a specified work item has been completed.

Type : HOLDBACK_ITEM

Definition
Contains information about escrow accounts setup after closing for moneys held back until a specified work item has been completed.
(Defined in file MISMO_3.4.0_B324.xsd , or a file it imports)

Elements
EscrowHoldbackAmountAmount held back at closing by the lender or escrow agent until a particular condition has been met.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".
EscrowHoldbackTypeAn enumerated list of values that describe the purpose of the escrow funds being held back.An enumerated list of values that describe the purpose of the escrow funds being held back.
EscrowHoldbackTypeOtherDescriptionA free-form text field used to capture the Escrow Holdback Type if Other is selected.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.".
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\ESCROW\HOLDBACK_ITEMS