Teller System > Transactions > Loan Transactions > Loan Transaction Codes

This transaction works like a regular payment (tran code 600) and follows the same rules. The best place to initiate this transaction is through the Loans > Transactions > Make Loan Payment screen. Once you enter information on that screen and click <OK>, CIM GOLDTeller will open with the Walk-in Payment transaction displayed, as shown in the following screen examples:

Loans > Transactions > Make Loan Payment Screen

Walk-in Payment Transaction in CIM GOLDTeller

Note: You should change the Y/n Field 1 field description to "Assess NSF Fee." See the Transaction Design section in the CIM GOLDTeller User's Guide for more information on how to rename fields.)

The history description for this transaction is "Walk-in Payment."

If the mail-in payment is from garnished wages, see Tran Code 2600-30, Garnishment Transaction.

Descriptors

In Loan History, the system records all payment transactions as tran code 600. However, a descriptor is also added to help you better understand how the tran code 600 was processed, such as walk-in payment, interest-only payment, agency payment, etc., as shown below:

trancode600_historyln

The following table shows you all the available descriptor codes and their description.

Field Number	Descriptor Code	Description	Tran 600 Description
1		Unknown Descriptor	Regular Payment
2	1	Mailed Payment	Mailed Payment
3	2	Walk-in Payment	Walk-in Payment
4	3	Interest Only Payment	Int Only Payment
5	4	Drop Box Payment
6	5	Payment - Manual Offset	Pmt-Manual Offs
7	9	No Advance Payment	No Advance Pymt
8	10	Agency Payment	Agency Payment
9	11	Used by Waive Late Charge to skip cntrs	Loan Payment
10	12	Allotment Payment	Allotment Pmt
11	13	SteadyPay Payment	SteadyPay Pmt
12	14	3rd Party Payment	3rd Party Pmt
13	15	Recurring Payment	Recurring Pmt
14	19	Internet Payment	WWW Payment
15	20	Guaranteed Payment	Guaranteed Pmt
16	25	Internet Payment by Credit Card	WWW Pmt by CC
17	30	Garnishment Payment	Garnishment Pmt
18	35	Lock Box Mail-in Payment	Lockbox Mail Pmt
19	40	Electronic Lockbox Payment	eLockbox Paymen
20	41	Western Union Lockbox Payment	WesternUn
21	42	MoneyGram Lockbox Payment	MoneyGram
22	43	PayNearMe Lockbox Payment	PayNearMe
23	45	Call-in Payment by Credit Card	Callin Pmt By CC
24	55	Telephone Payment by Credit Card	Phone Pmt By CC
25	65	Internet Payment by Online Check	WWW Pmt By Check
26	75	Telephone Payment by Online Check	Phone Pmt By Check
27	85	Call-in Payment by Online Check	Callin Pmt By Ck
28	95	One-Time Scheduled Payment by Check	1-Time Pmt by Ck
29	96	WWW One-Time Scheduled Payment by ACH	WWW 1-Tm Pmt ACH
30	100	Accident or Health Insurance	A&H Ins Payment
31	110	Unemployment Insurance	Unemployment Pmt
32	120	Property Insurance	Prop Ins Payment
33	130	Credit Life Insurance	Credit Life Pmt
34	140	GAP Insurance	GAP-Auto Pmt
35	141	GAP Insurance	GAP-Mcycle Pmt
36	142	GAP Insurance	GAP-RV Pmt
37	150	User Defined Insurance	Misc Ins Payment
38	165	AD&D Insurance	AD&D Payment
39	171	LPD (Auto) Insurance	LPD Ins Payment
40	172	Property Dual	Prop Dual Pmt
41	173	Property Dual Protected	Prop Dual Pr Pmt
42	175	Collateral Plus	Coll Plus Pmt
43	190	VSI Insurance	VSI Ins Payment
44	191	Non File Insurance	Non File Ins Pmt
45	197	Homegard Insurance	Homegard Ins Pmt
46	198	Flood Insurance	Flood Ins Pmt
47	199	Fire Insurance	Fire Ins Pmt
48	217	Retraction of Promotion	Promo Retraction
49	221	Charge Off Loan	Charge-off Loan
50	222	Reverse Charge Off	Reverse Chrg-off
51	223	Repossession	Repossession
52	224	Reverse Repossession	Rev-Repossession
53	225	Prin / Int Adjustment	Prin/Int Pmt
54	226	Roll Finance Charges	Roll Finance Chg
55	227	Pay Promo to Zero	Pay Promo 2 Zero
56	228	Roll Finance Charge	Roll Finance Chg
57	229	Roll Misc Fees into Balance	Roll MF into Bal
58	250	Postpetition Trustee Payment	Trustee Payment
59	251	Adequate Protection Payment	Adequate Protect
60	252	Postpetition Escrow Payment	Postpet Escrow
61	253	Prepetition Claim Payment	Prepet Claim PMT
62	254	Postpetition Claim Payment	Postpet Claim PM
63	255	Insurance Payment on Bankruptcy	Ins Pmt Bankrupt
64	256	Payment on Bankruptcy	Pmt on Bankrupt
65	257	Increase escrow balance on BK loans	Inc RSV Balance
66	258	Reduce Principal Balance by Arrearage	Reduce Prn on BK
67	259	Waive Late Charges on Bk	Waive Lt Chrg BK
68	260	Write-off On BK Account	W/O BK Account
69	400	Partial Write-off	Prtl W/Off Pmt
70	401	Full Write-off	Full W/Off Pmt
71	402	Repo Write-off	Prtl W/Off Pmt
72	406	Retract Convert to IB	Retract Convert
73	410	Sale of Security	Sale of Sec Pmt
74	419	Interest Adjustment	Int Adjustment
75	500	Collection	Collection Pmt
76	510	Judgment Adjustment	Judgment Payment
77	580	Payoff	Payoff
78	600	Death Claim	Death Claim Pmt
79	601	Payment From Partial	Pmt From Partial
80	602	Curtailment from Partial	Prin To Partial
81	603	Deferment	Deferment
82	604	Convert to IB	Convert to IB
83	605	Advance Payment	Advance Payment
84	606	Stored Value Card	Value Card
85	607	Default/Extension Charge	Default/Ext chrg

Corrections

If you need to make a correction to a Walk-in Payment, you bring up the Walk-In Payment transaction and check the Correction box. If you want to assess a non-sufficient funds fee at the same time as the corrected transaction, check the Y/n Field 1 box. For example, a customer made a walk-in payment using a check. The check later bounces due to insufficient funds. You would need to correct the Walk-In Payment transaction and assess a non-sufficient-funds fee at the same time.

	Tip: The name of this field should be changed to "Assess NSF Fee." Changing field names is done on the Functions > Administrator Options > Transaction Design in CIM GOLDTeller. Right-click the Y/n Field 1 field to bring up the Field Properties screen and change the name of the field.

Once you click on the corrected Walk-in Payment transaction, the system reverses the transaction and assesses the non-sufficient funds fee. The amount of the fee assessed is pulled from the Loans > Account Information > Account Detail screen > Late/NSF tab > NSF Fields.

CP2 Rules on Payoffs

This transaction can be used with the CP2 Transaction Processing Rules screen (function 803/804) in GOLD Services (Application 8).

If, after taking the underpayment into consideration, the amount of credit insurance refunds and/or precomputed interest refund is enough to pay off a loan, the message "REFUNDS COULD CLOSE LOAN/SEE PAYOFF" will be displayed when any of the following transactions are processed:

CP2 transaction (tran code 2600-00)

Insurance Payment (tran code 2600-01)

Collection Payment (tran code 2600-02)

Interest-Only Payment (tran code 2600-03)

Mail-in Payment (tran code 2600-04)

Walk-in Payment (tran code 2600-05)

Regular Payment with CP2 Eligibility Test (tran code 2600-07)

No Advance Payment (tran code 2600-09)

Be aware that these refunds may not in themselves be enough to pay off the loan; it may require a portion of the payment that is being posted.

Example:

The loan balance is $100.00, and the principal and interest is $75.00, leaving $25 of the remaining loan balance to fees and late charges. The refunds total $40.00, if the loan is paid off today. A customer brings in an $80 payment.

As you attempt to post the loan payment using this transaction, the system will return with the following message: "REFUNDS COULD CLOSE LOAN/SEE PAYOFF."

You would not be able to use this transaction. You would instead open the Loans > Payoff screen, lock in the payoff, then post the payoff using the Post Payoff tab. The total amount of the payment, $80, would pay off the principal and interest and $5 of the fees and late charges, leaving $20 more to pay off the loan. Because the loan would be paid off early and therefore be eligible for refunds, the $40 in refunds would pay off the remaining $20 left on the loan, leaving $20 as a refund back to the customer. The loan would then be closed.

The system calculates this for you when running a payoff on the Loans > Payoff screen > Post Payoff tab. Any refunds (credits) will show on the Adjustments tab after the loan has been locked for payoff.