Loan Screens > Account Information Screen Group > Account Detail Screen > Account tab > Miscellaneous Loan Information field group

Entry: System, numeric

F/M: No

Mnemonic: LNCODT

Screen: Loans > Account Information > Account Detail > Account tab

This field contains the date any amount of this loan was charged off due to bankruptcies or other delinquencies. The charge-off date is used by both credit reporting and some regulatory reports. If a charge-off date has not been entered, those reports cannot determine when the charge-off occurred and when to report the charge-off.

When a loan is charged off, the general category should be changed.

If you attempt to enter either a hold code 1, 2, 6, 92, or 93 or a general category of 80-89, the system will require that a charge-off date be entered before allowing file maintenance.

Use any of the following screens to charge-off any or all of the loan:

•Loans > Account Adjustment screen, Write Off field group

•Loans > Transactions > Charge-Off Transactions screen