Teller System > Transactions > Loan Transactions > Loan Transaction Codes

The Death Claim Quote transaction should be run first before the Death Claim Payment transaction (tran code 2600-06). This transaction opens an inquiry screen, where you can enter the account number, interest days, and effective date (date of death). Once you enter this information, a new display screen appears showing:

Death Claim Payoff Inq Date

Account Number

Borrower Name

Date of Death

Interest Days (if entered on the quote)

Principal Balance

Interest (if applicable)

Ins Rebates (if applicable)

Payoff Amount

If the account does not have an open life insurance policy (Insurance Types 50-56 on the Loans > Insurance > Policy Detail screen), this transaction will not run.

Note

If there are outstanding late fees or miscellaneous fees, those will first need to be waived before you can run this transaction. If those amounts are not waived, the following error message will appear:

If the account has finance charges, they will be displayed. The totals on the display screen will indicate that the finance charges are refunded for all policies on that account. Although a life insurance policy may be fully earned at the time the Death Claim transaction (tran code 2600-06) is run, any finance charges are still refunded.

This transaction will also initiate the Death Claim Payment transaction (tran code 2600-06) to appear.

Tax and surcharge rebates will be included in the Ins Rebates total. See the following example of this transaction and result of the quote in CIM GOLDTeller:

Death Claim Quote Transaction (tran code 2606-00)