GOLD Services Screens > General Ledger Screen Group > GL Account By Loan Type Screen

Entry: System, numeric

F/M: No

Mnemonic: N/A

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

This is the G/L account number used when collecting the UCC release fee, which is collected either at loan closing or when the loan is paid off. UCC release fees are determined by the state in which you do business and are set up at loan origination.

For card loans, if you increase principal and interest (or decrease principal and interest), the UCC release fee may be collected. See the following transactions for more information:

Increase Principal - Card Loans (tran code 2500-10)

Increase Interest - Card Loans (tran code 2500-11)

Decrease Principal - Card Loans (tran code 2510-10)

Decrease Interest - Card Loans (tran code 2510-11)