1082 Use of Proceeds Code
Code specifying how proceeds will be used or why they are being requested
- Type
- Identifier (ID)
- Length
- Min 2 / Max 2
- Codes
Code | Description |
---|
01 | Cash |
02 | Change in Rate or Term or Both |
04 | Home Improvement |
05 | Education |
06 | Medical |
07 | Increase Rate |
08 | Reduce Term |
09 | Adjustable Rate to Fixed Rate |
12 | Debt Consolidation |
13 | Change in Loan Type |
14 | Other Purpose |
16 | Purchase |
17 | Reduce Rate |
18 | Equity Takeout |
20 | Construction to Permanent |
21 | Construction |
22 | Combined Construction and Permanent |
23 | Increase Term |
24 | Balloon Satisfaction |
25 | Rate or Term Refinance with Cash Out |
ZZ | Mutually Defined |