Navigation:  Loan Screens > Account Information Screen Group > Additional Loan Fields Screen > Valuation/Billing tab > Troubled Debt field group > Asset Classification

Entry: System, drop-down list

F/M: Yes

Mnemonic: LNACLS

Screen: Loans > Account Information > Additional Loan Fields > Valuation/Billing tab

 

This drop-down list displays the asset classification assigned to the loan as defined for OTS reporting. Valid classification codes are as follows:

 

Potential Collection

Special Mention

Substandard

Doubtful

Loss

 

A classification of "Doubtful" or "Loss" will stop amortization of deferred fees or premiums.