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Element
in
X12 Release 005030

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
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
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Stedi is a registered trademark of Stedi, Inc. Stedi's EDI Reference and Mapping Guides are provided for marketing purposes and are free of charge. All names, logos, and brands of third parties listed on our site are trademarks of their respective owners (including “X12”, which is a trademark of X12 Incorporated). Stedi, Inc. and its products and services are not endorsed by, sponsored by, or affiliated with these third parties. Our use of these names, logos, and brands is for identification purposes only, and does not imply any such endorsement, sponsorship, or affiliation.