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Transaction Set
in
X12 Release 008020

199 Real Estate Settlement Information

Functional Group TO

X12F Finance Subcommittee

This X12 Transaction Set contains the format and establishes the data contents of the Real Estate Settlement Information Transaction Set (199) for use within the context of an Electronic Data Interchange (EDI) environment. This transaction set can be used to transfer real estate settlement information among mortgage lenders, real estate closing agents, and other interested parties.

Heading

Sequence
Segment
Name
Max use
0100
Transaction Set HeaderMandatory
Max 1
To indicate the start of a transaction set and to assign a control number
0200
Beginning SegmentMandatory
Max 1
To indicate the beginning of a transaction set
N1 Loop
Repeat 5
0300
Party IdentificationMandatory
Max 1
To identify a party by type of organization, name, and code
The N1 Loop allows for transmission of information regarding the parties that are sending and receiving the transmission. It can also be used for sending static information regarding the lender, settlement agent, etc. that would hold true for all of the transactions in the transaction file.
0400
Additional Name Information
Max 2
To specify additional names
0500
Party Location
Max 2
To specify the location of the named party
0600
Geographic Location
Max 1
To specify the geographic place of the named party
0700
Reference Information
Max 12
To specify identifying information
The REF Segment is used for identifying information further identifying the sender, receiver, or parties identified in the transmission (lender, settlement agent, title underwriter, etc.). This may be a service location, customer/vendor number, contract number, tax identification number, branch identification, etc.
0800
Administrative Communications Contact
Max 3
To identify a person or office to whom administrative communications should be directed

Detail

Sequence
Segment
Name
Max use
LX Loop
Repeat >1
0900
Transaction Set Line NumberMandatory
Max 1
To reference a line number in a transaction set
The LX Loop allows for the transmission of settlement information for several different real estate transactions to be grouped with a single transmission.
1000
Reference InformationMandatory
Max 12
To specify identifying information
The REF Segment is used for identifying the loan number, the settlement agent's identifying number, settlement location identification, title underwriter's policy number, mortgage broker's file number, folder number, etc. for the transaction.
1100
Mortgage Characteristics Requested
Max 1
To describe the characteristics of a mortgage requested by the applicant(s)
1200
Loan Specific Data
Max 1
To provide high-level information about a loan
1300
Date/Time Reference
Max 2
To specify pertinent dates and times
The DTM Segment identifies the settlement and disbursement dates.
1400
Information
Max 5
To report information
The III Segment identifies the version of the HUD-1 form that is being used for the transaction.
1500
Note/Special Instruction
Max >1
To transmit information in a free-form format, if necessary, for comment or special instruction
The MSG Segment is for designating any specific closing instructions, i.e. documents to be returned, endorsements to be issued, etc.
NX1 Loop
Repeat >1
1600
Property or Entity Identification
Max 1
To define the attributes of a property or an entity
The NX1 Loop is for identifying the street address for the property involved in the transaction or if a street address does not exist, then the legal description can be used.
1700
Location ID Component
Max 30
To define types and values of a geographic location
1800
Property Description/Legal Description
Max 20
To provide specifics on property or legal description; this segment provides for a simple legal description such as lot, block and subdivision
1900
Property Metes and Bounds Description
Max >1
To describe real estate property by boundary lines with their terminal points and angles; this segment defines legal boundaries of real estate property
IN1 Loop
Repeat >1
2000
Individual Identification
Max 1
To provide identification of an individual or entity
The IN1 Loop is used for identifying the buyers, sellers, lenders, and settlement agents that are party to the transaction.
2100
Individual Name Structure Components
Max 30
To sequence individual name components for maximum specificity
2200
Party Location
Max 2
To specify the location of the named party
2300
Geographic Location
Max 1
To specify the geographic place of the named party
2400
Administrative Communications Contact
Max 4
To identify a person or office to whom administrative communications should be directed
FGS Loop
Repeat >1
2500
Form Group
Max 1
To provide information for a section or data group in a form or schedule
The FGS Loop is used for identifying the various charges and disbursements of funds as part of the real estate closing. These charges are identified by the line number of the charge as they exist on either the HUD-1 or HUD1A forms required by the Real Estate Settlement Procedures Act (RESPA).
AMT Loop
Repeat >1
2600
Monetary Amount Information
Max 1
To indicate the total monetary amount
The AMT Segment is used to represent the dollar amounts involved in the settlement charge. This may be one of the following: a total for a charge, a proration amount used to calculate the charge, or a distribution of the charge. The AMT03 qualifier (debt/credit flag), is used to identify whether the charge is to the buyer or the seller. If it is a debit, the charge is to the buyer, if it is a credit the charge is to the seller.
2700
Yes/No Question
Max 1
To identify and answer yes and no questions, including the date, time, and comments further qualifying the condition
The YNQ Segment is used to identifying whether the charge was paid outside of the closing and does not need to be disbursed by the settlement agent. A "Y" means that the charge was paid outside of the closing.
2800
Individual or Organizational Name
Max 1
To supply the full name of an individual or organizational entity
The NM1 Segment is used to specify a payee for a settlement charge.
2900
Note/Special Instruction
Max 1
To transmit information in a free-form format, if necessary, for comment or special instruction
The NTE Segment is used for identifying a description of the charge.
3000
Date or Time or Period
Max 2
To specify any or all of a date, a time, or a time period
The DTP Segment is used to identify beginning and ending dates for prorated charges.
3100
Quantity Information
Max 1
To specify quantity information
The QTY Segment is used to identify the amount of time to be used when calculating prorations.
3200
Percent Amounts
Max 1
To qualify percent amounts and supply percent amounts
The PCT Segment is used to identify commission rates, loan origination fees (points), and any other charges needing a percentage rate calculation.
3300
Transaction Set TrailerMandatory
Max 1
To indicate the end of the transaction set and provide the count of the transmitted segments (including the beginning (ST) and ending (SE) segments)
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.
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.