PUD Indicator

Definition:
 

Indicates whether the Mortgage Premises is located is a Planned Unit Development (PUD).  

A PUD is a project or subdivision that consists of common property and / or improvements that are owned and maintained by a homeowners’ association for the benefit and use of the individual unit owners.

Valid Values:
 

True

False

When to Use:
 

Required for all loans.

Sort ID#: 49