1082 Use of Proceeds Code

Code specifying how proceeds will be used or why they are being requested

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Type
Identifier (ID)
Length
Min 2 / Max 2
Codes
CodeDescription
01Cash
02Change in Rate or Term or Both
04Home Improvement
05Education
06Medical
07Increase Rate
08Reduce Term
09Adjustable Rate to Fixed Rate
11Debt Consolidation Refinance
12Debt Consolidation
13Change in Loan Type
14Other Purpose
16Purchase
17Reduce Rate
18Equity Takeout
20Construction to Permanent
21Construction
22Combined Construction and Permanent
23Increase Term
24Balloon Satisfaction
25Rate or Term Refinance with Cash Out
ZZMutually Defined
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