GOLD Services Screens > General Ledger Screen Group > GL Account By Loan Type Screen > Unearned Interest (Payoff/Force Place Ins)

Entry: System, numeric

F/M: No

Mnemonic: N/A

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

Normally the unearned interest balance sheet account found in Loan Amount Field L-5 on precomputed loans (payment method 3), this G/L account is for unearned interest due back to the customer during Payoff transaction (tran code 580), Force Place Insurance (tran code 2870-all modifiers), and Cancel Force Place Insurance (tran code 2890-all modifiers) transactions. The system will post a G/L Credit Correction (tran code 1810 correction) or a G/L Credit to decrease or increase the Unearned Interest account based on the As of Date of the transaction.