LOCK

Description
Information about an agreement between parties to honor a given price for a specified period of time. In some contexts, this is commonly known as a Rate Lock, as the interest rate is one of the key attributes of the price quote that is being locked.

Type : LOCK

Definition
Information about an agreement between parties to honor a given price for a specified period of time. In some contexts, this is commonly known as a Rate Lock, as the interest rate is one of the key attributes of the price quote that is being locked.
(Defined in file MISMO_3.4.0_B324.xsd , or a file it imports)

Elements
EXTENSION
LoanPriceQuoteIdentifierA unique identifier for a loan price quote, assigned by the party that makes the price quote for tracking purposes.A data type of Identifier SHOULD identify a data point that provides a unique value for reference purposes and MAY have IdentifierOwnerURI and IdentifierEffectiveDate attributes. EXAMPLE: A Loan Identifier could be expressed as "0034567891-A".
LoanPriceQuoteTypeThe supply chain of loans, both before and after a loan closing involves funds to purchase the asset and expected or real income from the sale of the asset. In the supply chain one organizations sale price is the purchase price of another organization.The supply chain of loans, both before and after a loan closing involves funds to purchase the asset and expected or real income from the sale of the asset. In the supply chain one organizations sale price is the purchase price of another organization.
LoanPriceQuoteTypeOtherDescriptionA free-form text field used to collect additional information or a description of the Loan Price Quote Type when Other is selected as the value.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.".
LockDatetimeThe date and time on which the agreement to lock a price and interest rate was made.A data type of Datetime SHOULD identify a data point that represents numerically a specific day month and year of the Gregorian Calendar plus a time of day expressed in hours, minutes and seconds as related to Coordinated Universal Time (UTC) and MAY have an IgnoreTimeSegmentIndicator attribute. Datetimes MUST be represented in the extended format CCYY-MM-DDThh:mm:ssZ CCYY is a four-digit year, "0000" 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” - is the required separator between CCYY-MM-DD T is the required separator between the date and the time groupings 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 Z is a required time zone indicator using either Z (for Coordinated Universal Time UTC) or an offset from UTC using +hh:mm or -hh:mm Padded leading zeroes must be used throughout. an optional fractional seconds (decimal point and up to 9 digits) is permitted between the seconds and the time zone. Note that negative or extended (more than 4 digit) years are not permitted. EXAMPLE: An Event Datetime would be expressed as "2010-06-29T14;24:13.124-05:00".
LockDurationDaysCountThe number of days during which the loan price and interest rate lock is in effect.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".
LockExpirationDatetimeThe date and time that the loan price and interest rate expires.A data type of Datetime SHOULD identify a data point that represents numerically a specific day month and year of the Gregorian Calendar plus a time of day expressed in hours, minutes and seconds as related to Coordinated Universal Time (UTC) and MAY have an IgnoreTimeSegmentIndicator attribute. Datetimes MUST be represented in the extended format CCYY-MM-DDThh:mm:ssZ CCYY is a four-digit year, "0000" 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” - is the required separator between CCYY-MM-DD T is the required separator between the date and the time groupings 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 Z is a required time zone indicator using either Z (for Coordinated Universal Time UTC) or an offset from UTC using +hh:mm or -hh:mm Padded leading zeroes must be used throughout. an optional fractional seconds (decimal point and up to 9 digits) is permitted between the seconds and the time zone. Note that negative or extended (more than 4 digit) years are not permitted. EXAMPLE: An Event Datetime would be expressed as "2010-06-29T14;24:13.124-05:00".
LockIdentifierA unique identifier for a price and interest rate lock; used for tracking purposes by the parties to the lock. Replaced by use of Loan Identifier Type.A data type of Identifier SHOULD identify a data point that provides a unique value for reference purposes and MAY have IdentifierOwnerURI and IdentifierEffectiveDate attributes. EXAMPLE: A Loan Identifier could be expressed as "0034567891-A".
LockRequestedExtensionDaysCountSpecifies the number of days requested to extend the loan price and interest rate lock beyond the current lock expiration.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".
LockStatusTypeThe state of the loan price and interest rate lock that is established between a borrower and a lender or between a lender and an investor.The state of the loan price and interest rate lock that is established between a borrower and a lender or between a lender and an investor.
LockStatusTypeOtherDescriptionA free-form text field used to collect additional information or a description of the Lock Status Type when Other is selected as the value.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.".
PriceRequestIdentifierA unique identifier for a price request, assigned by the requestor, used for tracking the request and any responses. Replaced by use of Loan Identifier Type.A data type of Identifier SHOULD identify a data point that provides a unique value for reference purposes and MAY have IdentifierOwnerURI and IdentifierEffectiveDate attributes. EXAMPLE: A Loan Identifier could be expressed as "0034567891-A".
PriceResponseIdentifierA unique identifier for a price response, assigned by the responder, used to track or refer to the price response.A data type of Identifier SHOULD identify a data point that provides a unique value for reference purposes and MAY have IdentifierOwnerURI and IdentifierEffectiveDate attributes. EXAMPLE: A Loan Identifier could be expressed as "0034567891-A".

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\LOAN_PRODUCT\LOCKS