Navigation:  GOLD Services Screens > General Ledger Screen Group > GL Account By Loan Type Screen > Loan Fee Penalty

Entry: System, numeric

F/M: No

Mnemonic: N/A

Screen: Loans > System Setup Screen > G/L Account By Loan Type screen

 

Normally an income statement account, this G/L account is used during the Payoff transaction (tran code 580). This is only used for GILA loans. If during payoff, the GILA 5 percent refund is due back to the customer, the system will post a G/L Credit Correction (tran code 1810 Correction) by Journal In, Check In, or Cash In to debit this G/L account for that amount.