MISMO Model Viewer | ProrationItemType

Description

A value from a MISMO prescribed list that represents a cost already paid by one party that must be prorated at the time of loan closing and allocated between a property seller, homebuyer, or other parties to a real estate transaction.

Type : ProrationItemEnum

Value	Description
BoroughPropertyTax	Property tax levied by the borough in which the subject property is located.
CityPropertyTax	Property tax levied by the city in which the subject property is located.
CondominiumAssociationDues	Fee payable to condominium association in which the subject property is located, which is intended to pay electricity bills for street lights, landscaping, and maintenance and repairs to community facilities like clubhouses, pools, and exercise rooms and may also cover insurance on community assets, the salaries of condominium association employees and/or third party management fees.
CondominiumAssociationSpecialAssessment	Fee payable to condominium association in which the subject property is located for capital improvements, utility service upgrades, etc. that are assessed in addition to the regularly occurring condominium dues.
CooperativeAssociationDues	Fee payable to cooperative in which the subject property is located, which is intended to pay common utilities, landscaping, and maintenance and repairs to cooperative facilities and may also cover insurance on cooperative assets, the salaries of cooperative employees and/or third party management fees.
CooperativeAssociationSpecialAssessment	Fee payable to cooperative association or corporation in which the subject property is located for capital improvements, utility service upgrades, etc. that are assessed in addition to the regularly occurring dues, fees or debt service.
CountyPropertyTax	Property tax levied by the county in which the subject property is located.
DistrictPropertyTax	Property tax levied by the district in which the subject property is located.
EarthquakeInsurancePremium	Fee payable to insurer to provide property insurance against loss from earthquake, land tremors, landslide, mudflow, or other earth movement whether the damage is caused by an earthquake.
FloodInsurancePremium	Fee paid for flood insurance coverage on the subject property and may include coverage for contents.
GroundRent	A sum paid for land lease by the owner of a building to the owner of the land on which it is located.
HailInsurancePremium	Cost of coverage for hail damage insurance, which typically covers the cost of rebuilding the subject property if losses are caused by hail storms.
HazardInsurancePremium	Fee paid for coverage on the subject property for losses or damage due to fire or other named perils.
HomeownersAssociationDues	Fee payable to homeowners or neighborhood association within which the subject property is located, which is intended to pay electricity bills for street lights, landscaping, and maintenance and repairs to community facilities like clubhouses, pools, and exercise rooms and may also cover insurance on community assets, the salaries of HOA employees or third party management fees.
HomeownersAssociationSpecialAssessment	Fee payable to homeowners or neighborhood association in which the subject property is located for capital improvements, utility service upgrades, etc., that are assessed in addition to the regularly occurring association dues.
HomeownersInsurancePremium	Periodic amount paid for coverage against hazards, theft and other losses on the insured subject property and sometimes insured contents of personal property, and other improvements (fences, porches, patios, driveways, landscaping, accessory buildings, in ground pools, etc.) May or may not include riders to insure against losses caused by windstorms, hurricanes, etc.
InterestOnLoanAssumption
MortgageInsurancePremium	Fee for Insurance or guaranty to protect lender against the non-payment of, or default on, an individual mortgage.
Other
PastDuePropertyTax	Amount of real estate taxes on the subject property that are past due as of the closing date.
RentFromSubjectProperty	Periodic amount paid by a tenant for occupancy of a property.
SellersReserveAccountAssumption	A reserve account funded by the property seller that is being assumed by the borrower.
StatePropertyTax	Property tax levied by the state in which the subject property is located.
TownPropertyTax	Property tax levied by the town in which the subject property is located.
Utilities	Cost of services to provide power, heat, water, waste removal and/or sewer to the subject property.
VolcanoInsurancePremium	Periodic amount paid for coverage against losses on the insured subject property and sometimes insured contents of personal property, and other improvements (fences, porches, patios, driveways, landscaping, accessory buildings, in ground pools, etc.) associated with volcano eruptions near the subject property.
WindAndStormInsurancePremium	Periodic amount paid for coverage against losses on the insured subject property and sometimes insured contents of personal property, and other improvements (fences, porches, patios, driveways, landscaping, accessory buildings, in ground pools, etc.) associated with windstorms, tornadoes and hurricanes affecting the subject property.

Definition

Attributes
DataNotSuppliedReasonType	A value from a MISMO prescribed list that specifies the reason a specific data point is not included in the message.
DataNotSuppliedReasonTypeAdditionalDescription	A free-form text field used to provide a supplemental comment or remark regarding the Data Not Supplied Reason Type.
DataNotSuppliedReasonTypeOtherDescription	A free-form text field used to capture the enumeration when Other is selected for Data Not Supplied Reason Type.
DisplayLabelText	A free-form text field that provides a human-readable, display-ready representation for the corresponding enumerated value.
label
SensitiveIndicator	Allows producers and consumers of XML instance documents that are valid MISMO V3 documents to mark any data point to be treated as sensitive. MISMO recommends that any use of a data point labeled as "Sensitive Information" in the LDD ALWAYS have this attribute set to "true".

Parents

\MESSAGE\DEAL_SETS\DEAL_SET\DEALS\DEAL\LOANS\LOAN\CLOSING_INFORMATION\PRORATION_ITEMS\PRORATION_ITEM