DECLARATION_EXPLANATION

Description
Additional information on declarations where the borrower may be required to provide additional details.

Type : DECLARATION_EXPLANATION

Definition
Additional information on declarations where the borrower may be required to provide additional details.
(Defined in file MISMO_3.4.0_B324.xsd , or a file it imports)

Elements
DeclarationExplanationDescriptionA free-form text field used to capture explanations to any yes answer to a declaration on lines a through i on the loan application. Captured on the URLA in a continuation sheet.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.".
DeclarationExplanationTypeIdentifies the particular question asked in the declarations section of the loan application. Used in conjunction with the text field to capture additional information.Identifies the particular question asked in the declarations section of the loan application. Used in conjunction with the text field to capture additional information.
DeclarationExplanationTypeOtherDescriptionA free-form text field used to describe the kind of declaration if Other is selected as the Declaration Explanation 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.".
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\PARTIES\PARTY\ROLES\ROLE\BORROWER\DECLARATION\DECLARATION_EXPLANATIONS