199 - Real Estate Settlement Information

FUNCTIONAL GROUP=TO

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.

SCHEMA

ST

Segment	Name	Position
ST	Transaction Set Header	0100
BGN	Beginning Segment	0200

N1

Segment	Name	Position
N1	Party Identification	0300
N2	Additional Name Information	0400
N3	Party Location	0500
N4	Geographic Location	0600
REF	Reference Information	0700
PER	Administrative Communications Contact	0800

LX

Segment	Name	Position
LX	Transaction Set Line Number	0900
REF	Reference Information	1000
LRQ	Mortgage Characteristics Requested	1100
LN1	Loan Specific Data	1200
DTM	Date/Time Reference	1300
III	Information	1400
NTE	Note/Special Instruction	1500

NX1

Segment	Name	Position
NX1	Property or Entity Identification	1600
NX2	Location ID Component	1700
PDS	Property Description/Legal Description	1800
PDE	Property Metes and Bounds Description	1900

IN1

Segment	Name	Position
IN1	Individual Identification	2000
IN2	Individual Name Structure Components	2100
N3	Party Location	2200
N4	Geographic Location	2300
PER	Administrative Communications Contact	2400

FGS

Segment	Name	Position
FGS	Form Group	2500

AMT

Segment	Name	Position
AMT	Monetary Amount Information	2600
YNQ	Yes/No Question	2700
NM1	Individual or Organizational Name	2800
NTE	Note/Special Instruction	2900
DTP	Date or Time or Period	3000
QTY	Quantity Information	3100
PCT	Percent Amounts	3200
SE	Transaction Set Trailer	3300

COMMENTS

Notes
1/0300	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.
1/0700	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.
2/0900	The LX Loop allows for the transmission of settlement information for several different real estate transactions to be grouped with a single transmission.
2/1000	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.
2/1300	The DTM Segment identifies the settlement and disbursement dates.
2/1400	The III Segment identifies the version of the HUD-1 form that is being used for the transaction.
2/1500	The MSG Segment is for designating any specific closing instructions, i.e. documents to be returned, endorsements to be issued, etc.
2/1600	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.
2/2000	The IN1 Loop is used for identifying the buyers, sellers, lenders, and settlement agents that are party to the transaction.
2/2500	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).
2/2600	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.
2/2700	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.
2/2800	The NM1 Segment is used to specify a payee for a settlement charge.
2/2900	The NTE Segment is used for identifying a description of the charge.
2/3000	The DTP Segment is used to identify beginning and ending dates for prorated charges.
2/3100	The QTY Segment is used to identify the amount of time to be used when calculating prorations.
2/3200	The PCT Segment is used to identify commission rates, loan origination fees (points), and any other charges needing a percentage rate calculation.

rev 26/11/2024