Teller System > Transactions > Loan Transactions > Loan Transaction Codes

Usually loan fees are paid with a regular loan payment (see tran code 850). However, you can run a 2850 transaction in CIM GOLDTeller to manually pay loan fees. Note: Loan fees must have already been assessed on the loan in order to run this transaction. See the Miscellaneous Fees list view topic on the Loans > Marketing and Collections screen for more information.

Note: In order to use miscellaneous fees (also known as extended fees), institution option OP06-XFEE must be set.

This transaction allows you to pay loan fees that have been assessed on an account. Some initial set up is required before this transaction can run. See the following example of this transaction:

trancode2850_paylnfees

Notice the Fee Code drop-down list in the transaction example above. Someone at your institution needs to design this field (it's field number 80) on the Transaction Design screen in CIM GOLDTeller to be a drop-list that is populated with all the fee codes used by your institution. Setting up fields on transactions to be drop-lists requires special security. It is a three-step process, starting with defining the items to be in the drop-list. See the System Field Dictionary topic in the CIM GOLDTeller User's Guide for step-by-step instructions on how to set up a drop-down list field on transactions.

If you do not make this field a drop-list, the teller will be responsible for entering the loan fee code in the Fee Code field. The teller should enter the code as a number (not the description). For example, if trying to pay a miscellaneous fee, the teller would enter "001" in this field (that's the code for Miscellaneous Fees). Additionally, there must be a fee code record on the account (with that fee code) before the system will allow this transaction to process on the account (see the Assess Loan Fee transaction (tran code 660) for more information). If a fee code has not been assessed on the account, the transaction will not process and tellers will get an error similar to the following:

trancode2850transfailederror

The following fee codes are available. Your institution may choose not to use all of these:

CODE	DESCRIPTION*	ASSESS/WAIVE TORC	PAY TORC	RECEIVABLE/INCOME
1	Miscellaneous Fee	201	251	Receivable
2	Reprocessing Fee	202	252	Receivable
3	Property Inspection Fee	203	253	Receivable
4	Research Fee	204	254	Receivable
5	Duplicate Copy Fee	205	255	Receivable
6	Duplicate Payment Book Fee	206	256	Receivable
7	Demand Cancel Fee	207	257	Receivable
8	Forced Insurance Fee	208	258	Receivable
9	NSF Fee	209	259	Income
10	Legal Fee	210	260	Receivable
11	Below Minimum Draft Fee	211	261	Receivable
12	Credit Limit Exceeded Fee	212	262	Receivable
13	Stop Payment Fee	213	263	Receivable
14	Abstracting Fee	214	264	Receivable
15	Delinquent Tax Fee	215	265	Receivable
16	Charge Back Fee	216	266	Income
17	Extension Fee	217	267	Receivable
18	Required Interest Fee	218	268	Receivable
19	Principal Decrease Fee	219	269	Receivable
20	Towing and Storage	220	270	Receivable
21	Postage Fee	221	271	Receivable
22	Detailing Fee	222	272	Receivable
23	Repairs and Damage Fee	223	273	Receivable
24	Keys Fee	224	274	Receivable
25	Lien Fee	225	275	Receivable
26	Marketing/Advertising Fee	226	276	Receivable
27	Fuel and Oil Fee	227	277	Receivable
28	Smog Fee	228	278	Receivable
29	DMV Fee	229	279	Receivable
30	DMV/Title Fee	230	280	Receivable
31	Attorney Fee	231	281	Receivable
32	Court Costs	232	282	Receivable
33	Back Interest	233	283	Income
34	NSF Check Amount	234	284	Receivable
35	Misapplied Payment	235	285	Receivable
36	Insurance	236	286	Receivable
37	Other Charges Converted	237	287	Receivable
38	Repo Fees	238	288	Receivable
39	Late Fees	239	289	Income
40	Prevailing Party Fees	240	290	Income
41	Maintenance Fee	241	291	Receivable
42	Investigation Fee	242	292	Receivable
43	Field Call Fee	243	293	Receivable
44	Skip Tracing Fee	244	294	Receivable
45	Transportation Fee	245	295	Receivable
46	Loan Fee	246	296	Receivable
47	Reage	247	297	Receivable
48	Write-off	248	298	Receivable
49	Attorney Fees	249	299	Receivable
50	Court Costs	250	300	Receivable

Your General Ledger Autopost must also be set up correctly in order to process loan fee payments. See the Miscellaneous Fees topic in the Loans > Marketing and Collections screen for more information.

Also see these other help topics for more information about miscellaneous fees:

Miscellaneous Fees list view on the Marketing and Collections screen

Miscellaneous Fees

Miscellaneous Fee Processing