EDI 199 Real Estate Settlement Information

This Draft Standard for Trial Use 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.

Segments

Position

Segment

Name

Max use

Transaction Set Header

Mandatory

AtMax 1

To indicate the start of a transaction set and to assign a control number

BGN

Beginning Segment

Mandatory

AtMax 1

To indicate the beginning of a transaction set

LOOP

Mandatory

AtMax 5

Name

Mandatory

AtMax 1

To identify a party by type of organization, name, and code

Additional Name Information

Opt

AtMax 2

To specify additional names or those longer than 35 characters in length

Address Information

Opt

AtMax 2

To specify the location of the named party

Geographic Location

Opt

AtMax 1

To specify the geographic place of the named party

REF

Reference Identification

Opt

AtMax 12

To specify identifying information

PER

Administrative Communications Contact

Opt

AtMax 3

To identify a person or office to whom administrative communications should be directed

LOOP

Mandatory

GT 1

Assigned Number

Mandatory

AtMax 1

To reference a line number in a transaction set

100

REF

Reference Identification

Mandatory

AtMax 12

To specify identifying information

110

LRQ

Mortgage Characteristics Requested

Opt

AtMax 1

To describe the characteristics of a mortgage requested by the applicant(s)

120

LN1

Loan Specific Data

Opt

AtMax 1

To provide high-level information about a loan

130

DTM

Date/Time Reference

Opt

AtMax 2

To specify pertinent dates and times

140

III

Information

Opt

AtMax 5

To report information

150

NTE

Note/Special Instruction

Opt

GT 1

To transmit information in a free-form format, if necessary, for comment or special instruction

NX1

LOOP

Opt

GT 1

160

NX1

Property or Entity Identification

Opt

AtMax 1

To define the attributes of a property or an entity

170

NX2

Location ID Component

Opt

AtMax 30

To define types and values of a geographic location

180

PDS

Property Description/Legal Description

Opt

AtMax 20

To provide specifics on property or legal description; this segment provides for a simple legal description such as lot, block and subdivision

190

PDE

Property Metes and Bounds Description

Opt

GT 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

Opt

GT 1

200

IN1

Individual Identification

Opt

AtMax 1

To provide identification of an individual or entity

210

IN2

Individual Name Structure Components

Opt

AtMax 30

To sequence individual name components for maximum specificity

220

Address Information

Opt

AtMax 2

To specify the location of the named party

230

Geographic Location

Opt

AtMax 1

To specify the geographic place of the named party

240

PER

Administrative Communications Contact

Opt

AtMax 4

To identify a person or office to whom administrative communications should be directed

FGS

LOOP

Opt

GT 1

250

FGS

Form Group

Opt

AtMax 1

To provide information for a section or data group in a form or schedule

AMT

LOOP

Opt

GT 1

260

AMT

Monetary Amount

Opt

AtMax 1

To indicate the total monetary amount

270

YNQ

Yes/No Question

Opt

AtMax 1

To identify and answer yes and no questions, including the date, time, and comments further qualifying the condition

280

NM1

Individual or Organizational Name

Opt

AtMax 1

To supply the full name of an individual or organizational entity

290

NTE

Note/Special Instruction

Opt

AtMax 1

To transmit information in a free-form format, if necessary, for comment or special instruction

300

DTP

Date or Time or Period

Opt

AtMax 2

To specify any or all of a date, a time, or a time period

310

QTY

Quantity

Opt

AtMax 1

To specify quantity information

320

PCT

Percent Amounts

Opt

AtMax 1

To qualify percent amounts and supply percent amounts

330

Transaction Set Trailer

Mandatory

AtMax 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)

Elements

Position	Element	Name	Requirement	Type	Min/Max	Repeat

1	143	Transaction Set Identifier Code	Mandatory	ID	3/3	1

2	329	Transaction Set Control Number	Mandatory	Alphanumeric	4/9	1

EDI Dictionary

EDI 199 Real Estate Settlement Information

Segments

Elements