ASC X12 004010

1081 Loan Purpose Code
TYPE=ID MIN=2 MAX=2

Code identifying the reason the loan is needed


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
07       Purchase Existing Condominium Unit
08       Finance Co-Operative Purchase
09       Manufactured Home
10       Manufactured Home and Lot
11       Manufactured Home and To Buy Lot
12       Manufactured Home and Lot Loan Refinanced
13       Construct New Home and Convert to Permanent
14       Purchase Unimproved Land
15       Other Loan Purpose
16       Purchase, Purpose Unidentified
17       Single Family
18       Multifamily Construction
19       Multifamily Project
20       Single Family Serial Note
21       All Terrain Vehicle
22       Dirt Bike
23       Farm Equipment
24       Jet Ski
25       Truck
26       Motorcycle
27       Snowmobile
28       Home Equity
30       Purchase Money Mortgage
31       Additional Financing
AL       Auto Lease
AR       Airplane
AU       Automobile
BO       Boat
CC       Charge Cards
CO       Charged Off
CT       Camper or Trailer
FM       First Mortgage Real Estate
MH       Mobile Home
PE       Personal
RE       Real Estate
RV       Recreation Vehicle
SL       Student Loan
SM       Second Mortgage Real Estate
SO       Sharedraft Overdraft