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Tran Code 0440, Reserve Disbursement
Reserve disbursements are payments made to property tax, insurance, or any other payment made by your institution on behalf of the account owner. Reserve disbursements can be set up to process automatically according to the Loans > Account Information > Reserves > Reserve Analysis screen and the Reserve Analysis Options screen.
However, there is also a transaction in CIM GOLDTeller that can be run manually to process a reserve disbursement. See the following example of this transaction:
This transaction can be run via check or cash.
Bank Account Number or G/L Number |
You would enter the bank account number or General Ledger number of the account where the funds for this disbursement are being debited. |
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Disbursement Code |
This indicates what Disbursement Type (RDATYP) this reserve disbursement is for. For example, if this disbursement is going to taxes, you would enter "10" in this field, as "10" indicates taxes.
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Reference Number |
If you enter information here, this shows up in Loans > History after the transaction is run. You can use this field however your institution wants. We suggest using the policy number (if an insurance disbursement) or tax year (for tax disbursements), as shown below.
Note: Only numbers can go in this field. Letters and symbols are not allowed.
Loans > History Screen with Tran Code 440 Displayed |
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New Description |
If you would like to enter an alternate description for this field, you can enter it in this field. This field is not necessary and does not show up in History or reports.
You can hide the New Description field on the transaction if you want. Check the PC Hide Field box on the GOLDTeller Transaction Field Properties screen in CIM GOLDTeller to hide the field on the transaction. See the CIM GOLDTeller User's Guide > Administrator Options > Transaction Design > Field Properties Screen for more information. |
Checks processed using the Reserve 1 Disbursement (tran code 440) are recorded in Check Reconciliation. See the GOLD Services > Check Reconciliation > Check Detail screen for more information.