EDI 245 Real Estate Tax Service Response

Functional Group ME

X12F Finance Subcommittee

This X12 Transaction Set (DSTU) contains the format and establishes the data content of the Real Estate Tax Response Transaction Set (245) for use within an Electronic Data Interchange (EDI) environment. This transaction set can be used to respond to requests for information, modifications to loan status, complete property tax data necessary for paying tax bills, or cancellations of real estate property data. This transaction set facilitates the transfer of property tax information among real estate industry participants.

Heading

Position
Segment
Name
Max use
  1. To indicate the start of a transaction set and to assign a control number

  2. To indicate the beginning of a transaction set

  3. NM1 Loop Optional
    Repeat >1
    1. To supply the full name of an individual or organizational entity

      The NM1 Loop is used to identify the requesting party, the service provider, lender, or any institution involved.
    2. To specify additional names

    3. To specify the location of the named party

    4. To specify the geographic place of the named party

    5. To specify identifying information

    6. To identify a person or office to whom administrative communications should be directed

Detail

Position
Segment
Name
Max use
  1. HL Loop Mandatory
    Repeat >1
    1. To identify dependencies among and the content of hierarchically related groups of data segments

      The HL Loop identifies the appropriate loop identity: Alternate Taxing Authority (AJ), Amount Information (AM), Installments (IS), Loan Data (LN), Lender or Mortgage Company (LD), Party to the Loan (LP), Property Identification (PI), Property Tax (PK), Taxing Authority (TA), Tax Delinquency (TD), Tax Installment (TX). All levels are optional.
    2. To specify information about the loan

    3. To specify audit information about the loan

    4. Defines a participant's monetary commitment and settlement method

    5. To identify the property jurisdictions taxing authority

    6. To provide data required for proper notification or determination of applicable taxes applying to the transaction

    7. To provide the information on real estate taxes, including amounts

    8. To specify installment billing arrangement

    9. To specify identifying information

    10. To specify any or all of a date, a time, or a time period

    11. NM1 Loop Optional
      Repeat >1
      1. To supply the full name of an individual or organizational entity

        The NM1 Loop is used to identify all parties to the transaction for a specified loan: Lenders, Investors, Parties to the Loan and Tax authorities.
      2. To specify additional names

      3. To specify the location of the named party

      4. To specify the geographic place of the named party

      5. To specify identifying information

      6. To identify a person or office to whom administrative communications should be directed

    12. NX1 Loop Optional
      Repeat >1
      1. To define the attributes of a property or an entity

        The NX1 Loop is used to identify the property.
      2. To define types and values of a geographic location

      3. To provide specifics on property or legal description; this segment provides for a simple legal description such as lot, block and subdivision

      4. To describe real estate property by boundary lines with their terminal points and angles; this segment defines legal boundaries of real estate property

      5. To specify the tax information and/or amount and to be used for tax information only as established by taxing authorities

      6. To specify identifying information

    13. TDT Loop Optional
      Repeat >1
      1. To specify the tax delinquency status on real property

        The TDT Loop is used to define the delinquency information.
      2. REF Loop Optional
        Repeat >1
        1. To specify identifying information

          The REF Loop is used to further define the delinquency information.
        2. To specify any or all of a date, a time, or a time period

    14. AMT Loop Optional
      Repeat >1
      1. To indicate the total monetary amount

        The AMT Loop is used to identify the various tax amounts, installment, payment information and due date information.
      2. To specify identifying information

      3. To specify any or all of a date, a time, or a time period

Summary

Position
Segment
Name
Max use
  1. To indicate the end of the transaction set and provide the count of the transmitted segments (including the beginning (ST) and ending (SE) segments)

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