MCD Mortgage Closing Data

To provide details about loan settlement

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Position
Element
Name
Type
Requirement
Min
Max
Repeat
MCD-01
Monetary Amount
Decimal number (R)
Optional
1
18
1
Monetary amount
MCD01 is the amount of the property sales price.
MCD-02
Date
Date (DT)
Optional
8
8
1
Date expressed as CCYYMMDD where CC represents the first two digits of the calendar year
MCD02 is the loan closing date.
MCD-03
Monetary Amount
Decimal number (R)
Conditional
1
18
1
Monetary amount
MCD03 is the amount of any purchase deposit.
MCD-04
Name
String (AN)
Optional
1
60
1
Free-form name
C0403: If MCD-04 is present, then MCD-03 is required
MCD04 is the name of the purchase deposit holder.

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