MCD Mortgage Closing Data
To provide details about loan settlement
Position
Element
Name
Type
Requirement
Min
Max
Repeat
Monetary amount
MCD01 is the amount of the property sales price.
Date expressed as CCYYMMDD where CC represents the first two digits of the calendar year
MCD02 is the loan closing date.
Monetary amount
MCD03 is the amount of any purchase deposit.
Free-form name
C0403: If MCD-04 is present, then MCD-03 is required
MCD04 is the name of the purchase deposit holder.