EDI 261 Real Estate Information Request

Functional Group ME

X12F Finance Subcommittee

This X12 Transaction Set contains the format and establishes the data content of the Real Estate Information Request Transaction Set (261) for use within an Electronic Data Interchange (EDI) environment. This transaction set can be used to initiate, modify or cancel a request for real estate information. This transaction set will be used to transfer 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. To uniquely identify a transaction to an application

  4. N1 Loop Optional
    Repeat 3
    1. To identify a party by type of organization, name, and code

      The N1 loop is used to provide sender, receiver, and third party information.
    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. LX Loop Mandatory
    Repeat >1
    1. To reference a line number in a transaction set

      The LX loop contains all information necessary to complete real estate information request.
    2. To specify a code and the amount or quantity or percentage associated with it

      The AM1 segment is used to specify the type of service or report being requested for the property.
    3. To specify any or all of a date, a time, or a time period

    4. To specify identifying information

    5. To provide high-level information about a loan

      The LN1 segment is the loan information for the property.
    6. To indicate the total monetary amount

      The AMT segment is used to provide cost information for the expanded services.
    7. To specify quantity information

      The QTY segment is used to provide expanded loan or services information.
    8. To identify the type or transmission or both of paperwork or supporting information

      The PWK segment is used to specify any special report requirements for the requested service.
    9. To transmit information in a free-form format, if necessary, for comment or special instruction

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

        The NM1 loop is used to identify multiple real estate information ship-to and bill-to parties and any interested parties.
      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

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

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

        The NX1 loop contains real estate information and supplies a completed checklist of all relevant documents required by the real estate information provider.
      2. To define types and values of a geographic location

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

      4. To identify and answer yes and no questions, including the date, time, and comments further qualifying the condition

      5. To specify identifying information

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

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

      8. To provide housing expense information

      9. To indicate the condition of real estate property and, if applicable, the actions needed to correct damage

      10. To provide a description of real estate or general property information

      11. To report information

      12. To specify a code and the amount or quantity or percentage associated with it

      13. To provide information on activity or process

      14. To indicate the total monetary amount

      15. To specify quantity information

      16. To qualify percent amounts and supply percent amounts

      17. To transmit information in a free-form format, if necessary, for comment or special instruction

      18. PWK Loop Optional
        Repeat >1
        1. To identify the type or transmission or both of paperwork or supporting information

          The PWK loop accommodates requests for paperwork to be returned within date or time requirements.
        2. To specify pertinent dates and times

      19. IN1 Loop Optional
        Repeat >1
        1. To provide identification of an individual or entity

          The IN1 loop is used to identify the borrower, property owner, contact persons for access to the property, and any third party who needs to be notified to facilitate real estate information.
        2. To sequence individual name components for maximum specificity

        3. To report information

        4. To specify identifying information

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

        6. To specify pertinent dates and times

          The DTM segment is used to provide the Best Time to Contact information.
  2. 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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