Loan Screens > Account Information Screen Group > Actions, Holds and Event Letters Screen > Charge Off Information field group

Entry: System, numeric

F/M: No

Mnemonic: LNCOBL

Screen: Loans > Account Information > Actions, Holds and Event Letters screen

This field identifies the amount of charge-offs applied to this loan account. A charge-off is performed on the loan either automatically (using the Automatic Charge-off (tran code 022-01) transaction) or through GOLDTeller using either the Charge-off transaction (tran code 2022-01) or Partial Charge-off (tran code 860).

Corrections to those transaction are then made with either tran code 022-02/2022-02 or transaction 868, respectively. The loan must be in a non-accrual status prior to processing the charge-off.

As charge-offs are processed, the Non-Accrual Book Balance on the Loans > Account Information > Additional Loan Fields screen, Valuation/Billing tab is reduced by the charge-off amount.