Navigation:  Loans > Loan Screens > Line-of-Credit Loans Screen > Billing Information tab

Use this tab to view billing information for the customer line-of-credit (LOC) loan account.

 

Loans > Line-of-Credit Loans Screen, Billing Information Tab

 

To learn more about how LOC loans function, see the Line-of-Credit Loan Information help page.

 

The Payment list view on this tab displays the Due Date and Payment Due amount of the 5 most recent payments on the account. The Total Amount Due, which includes Unpaid Payments and Late Charge amounts (mnemonic LNLATE), is displayed beneath the list view.

 

The Billing Detail field group displays further information about the payment selected in the Payment list view as of the indicated Start Date (B5STRD). The fields in this field group display the amount Billed and the amount still Due for the following billing items:

 

 

This tab also displays the Due amounts for Credit Life, Late Charges, Unpaid Principal, and Loan Fees on the account. These amounts are added together to calculate the Total Amount Due.

 

No Interest if Paid in Full

If used by your institution, mark this field to waive all current finance charges and accrued interest if the customer pays all past due amounts, late charges, fees, and balances within the time period from the statement date through the due date (mnemonic LNNIPF).