| EXTENSION | |
| PurchaseCreditAmount | The dollar amount of the Purchase Credit Type related to the loan application. This may be collected on the URLA in Section VII (Details of Transaction - Other Credits - Amount).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". |
| PurchaseCreditSourceType | Specifies the party contributing credits to the transaction exclusive of the mortgage financing. This may be collected on the URLA in Section VII (Details of Transaction - Other Credits - Explain)Specifies the party contributing credits to the transaction exclusive of the mortgage financing. This may be collected on the URLA in Section VII (Details of Transaction - Other Credits - Explain) |
| PurchaseCreditSourceTypeOtherDescription | A free-form text field used to capture a description of the Purchase Credit Source Type when 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.". |
| PurchaseCreditType | A value from a MISMO prescribed list that specifies monetary credits commonly accepted as valid sources of borrower funds to close a mortgage loan transaction excluding adding amounts to the note amount.A value from a MISMO prescribed list that specifies monetary credits commonly accepted as valid sources of borrower funds to close a mortgage loan transaction excluding adding amounts to the note amount. |
| PurchaseCreditTypeOtherDescription | A free-form text field used to collect additional information when Other is selected for Purchase Credit 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.". |