1081 Loan Purpose Code
- Type
- Identifier (ID)
- Length
- Fixed length of 2
- Allowed Codes
- 45 defined values
Loan Purpose Code (1081), is an Identifier type element, and with a fixed length of 2. Sign up free or login to view the full element and download it in Markdown or console (text) formats.
Allowed Codes
| Code | Description |
|---|---|
| 01 | Purchase Existing Home Previously Occupied |
| 02 | Purchase Existing Home Not Previously Occupied |
| 03 | Finance Improvement to Existing Property |
| 04 | Construct Home |
| 05 | Refinance |
| 06 | Purchase New Condominium Unit |
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See every allowed code, usage note, and implementation detail for Loan Purpose Code. Download it in console (text) or Markdown format, or use the tedi CLI to access the full X12 reference from your terminal.
Appears in segments
Used by transaction sets
148
Report of Injury, Illness or Incident
199
Real Estate Settlement Information
201
Residential Loan Application
202
Secondary Mortgage Market Loan Delivery
206
Real Estate Inspection
245
Real Estate Tax Service Response
265
Real Estate Title Insurance Services Order
833
Mortgage Credit Report Order
872
Residential Mortgage Insurance Application