Loans > Loan Screens > Account Information Screen Group > Actions, Holds and Event Letters Screen

Field

Description

Legal Status

Mnemonic: LNLGLS

Select this checkbox if legal proceedings have been brought against this account or account owner. If this box is checked, "LGL" appears in the Account Status banner for the account, which helps users quickly identify that this account has legal actions proceeding against it. This is different from Hold Code 9, which puts the words "LEGAL" in the alert status banner. This checkbox does not freeze the account, whereas Hold Code 9 does freeze the account.

Suspected ID Fraud

Mnemonic: LNFRAU

This is an indicator that when set will inform the system that this account or card has possible ID fraud; no statements or credit bureau reports will be issued. The word "FRAUD" will appear in the Account Status banner to help users quickly identify this account is suspected of ID. Open the link below for more information.

Special Comment

Mnemonic: BUSPCM

This field is generally file maintained by the system when bankruptcy transactions or other activity occurs on the account. However, if you have proper security, you can make changes to this field. This is used in credit reporting. The proper use of these fields will control the accuracy of the information provided to Credit Bureaus (see the Special Comments field on the Credit Reporting screen). Open the link below for more information.

	Note: Loans with a general category of 90 (contract collection) or higher will not be reported.

The Credit Bureau special comments are user-entered. The special comment codes allow you to better clarify the CB status that has been reported for that month.

When hold codes 7, 9, 94, 96, or 99 are on the loan, the screen will prompt the use of these comment codes.

HOLD CODE AND DESCRIPTION:

7 Legal hold—foreclosure

9 Legal hold—foreclosure

94 Paid account—foreclosure started

96 Paid account—was collection

99 Settled—paid in full—less than full balance

The system will not validate that your entry is the correct one for this account status. File maintenance to this field writes to loan history.

See also: The Credit Reporting screen.

Valid codes on the pop-up list are as follows:

Special

Comment

Code	Description

Blank

Removes any previously reported special comment codes

AB	Debt being paid through insurance

AC	Paying under a partial payment agreement

AG	Simple interest loan

AH	Purchased by another lender

AI	Recalled to active military duty

AJ	Payroll deduction

AL	Student loan permanently assigned to government

AM	Account payments assured by wage garnishment

AN	Account acquired by RTC/FDIC

AO	Voluntarily surrendered - then redeemed

AP	Credit line suspended

AS	Account closed due to refinance

AT	Account closed due to transfer

AU	Account paid in full for less than the full balance

AV	First payment never received

AW	Affected by natural disaster

AX	Account paid from collateral

AZ	Redeemed repossession

B	Account payments managed by Credit Counseling Service

BA	Transferred to recovery

BL	Credit card stolen

BN	Paid by company that originally sold the merchandise

BO	Foreclosure proceedings started

BP	Paid through insurance

BT	Principal deferred/Interest payment only

C	Paid by co-worker

CJ	Credit line not available - in repayment phase

CK	Credit line reduced - collateral depreciation

CL	Credit line suspended - collateral depreciation

CM	Collateral released by creditor - balance owing

CN	Loan modified under a federal government plan

CO	Loan modified

H	Loan assumed by another party (requires ECOA code “T”)

I	Election of remedy (Example: A car is repossessed, but the value of the car is less than the balance due. The credit grantor must consider the account paid and cannot collect the difference in the amounts.)

M	Account closed at credit grantor's request

O	Account transferred to another lender

S	Special handling (contact credit grantor for additional information)

V	Adjustment pending

	Note: This field is automatically populated with the AS code when GOLDTrak PC closes a loan during a renewal/refinance.

UFC17/UFC34

Mnemonic: UFC17, UFC34

These user-defined fields allow you to enter data relevant to your company. You can enter dates, amounts, or any other kind of data. The data entered in these fields will be included on event letters created for events 23 and 24. Event 23 is a Delinquency Event and event 24 is a Specialty Request Letter. See Event 23 and Event 24 in Appendix A of the Other > GOLD EventLetters User's Guide on DocsOnWeb for more information.

UFC17 can store up to seven characters/numbers, and UFC34 can store up to 24 characters/numbers. UFC17 and UFC34 are account specific. Once data is stored in UFC17 or UFC34, the data will show up on all the event letters that use these fields for a specific account.

To save the user-defined fields, enter data in the fields, then click <Save>. You can change previously saved data by editing the data in these fields, then clicking <Save>.