Navigation:  Loan Screens > Account Information Screen Group > Reserves Screen Group > Account Reserve Detail Screen > Reserve Disbursements tab > Disbursement Information field group > Auto Disbursement

Entry: User, checkbox

F/M: Yes

Mnemonic: RDAPAY

Screen: Loans > Account Information > Reserves > Account Reserve Detail > Reserve Disbursements tab

 

This field determines whether you want the system to make automatic disbursements on this reserve type or not. The default is unchecked. If a checkmark is entered in this field, the system will make the disbursement on the first working day on or after the Pay Date. If this field remains unchecked, you will need to make this disbursement manually.

 

Note: You cannot enter a checkmark in this field if the Term field is blank. The following message will be displayed: “CANNOT HAVE AUTO DISB WITHOUT TERM.” The same message will be displayed if you attempt to delete the term when this field is checked.

 

WARNING: If this field is changed from unchecked to checked, that night the system will examine the Pay Date and Expiration Date. If they are in the past, a disbursement will be made and the dates will be rolled by one term. The next night, if the Pay Date and Expiration Date are still in the past, another disbursement will be made and the dates will be rolled by one term. This process continues each night until the Pay Date and Expiration Date are current.