Navigation:  Teller System > Transactions > Loan Transactions > Loan Transaction Codes > Deferment Transactions

Deferment transactions vary from institution to institution. This section describes each of the deferment transactions available. However, your institution may only use two or three of these. Add the specific deferment transactions to your teller transaction menu, as described in the Menu Design topic in the CIM GOLDTeller User's Guide.

 

See the following information concerning each of the deferment transactions:

 

Tran Code 2270-01, Deferment Inquiry

Tran Code 2270-02, Deferment Notice

Tran Code 2600-11, Deferment Payment

Tran Code 2600-13, Deferment by Code

Tran Code 2600-17, No Rules

Tran Code 2600-18, CP2 Deferments

Tran Code 2600-20, Hardship Deferments

Tran Code 2600-23, EZPay Def by CC

Tran Code 2600-35, Deferment with Reason

Tran Code 2600-43, Journal-only Deferment

Tran Code 2600-50, Fee Reg Deferment or Balboa Deferment

 

Note: We suggest users first run the Deferment Inquiry transaction, and then GOLDPoint Systems can tie another deferment transaction to run after the Deferment Inquiry transaction is processed.

 

Deferments in EZPay

 

If your institution allows it, you can also run deferment transactions through Loans > Transactions > EZPay screen. See the Deferments topic in the EZPay help for more information. GOLDPoint Systems will likely also need to do some programming so the deferment your institution uses is available through the EZPay screen.

 

Setup Options

 

1.The Deferment Charge Rebate/Extension Fee field on the GOLD Services > General Ledger > G/L Account By Loan Type screen must contain a valid General Ledger number. This is the General Ledger account used for crediting or debiting deferment and extension funds.

 

2.The number of deferments allowed per customer account per year must be indicated using Institution Option DFRM.

 

3.The number of deferments allowed over the life of a customer account must be indicated using Institution Option DFRL.

 

4.For deferments requiring a flat fee (Deferment Code 7), the deferment fee amount must be indicated using Institution Option DFFF.

 

5.Institution option OP02 STRN must be set to "Y." This is a special option that allows specific transactions, such as the Deferment transactions, to be run.

 

6.If your institution wants the Maturity Date advanced after the transaction is processed, enable Institution Option OP08-RMTD (Roll Maturity Date on Deferment).