Navigation:  Loan Screens > Payoff Screen > Post Payoff tab > Check Out Number

Entry: User, numeric

F/M: Yes

Mnemonic: GTIBAMT_04

Screen: Loans > Payoff > Post Payoff tab

 

Use this field to indicate the check number of the check distributed by your institution to the customer if your institution owes the customer money after processing the payoff. If the customer would rather have cash (or it is your institution's policy to pay funds with cash), use the Cash Out field.

 

The Amount paid back to the customer will appear on the Adjustments tab. The amount of the overpayment will be pulled from the Payoff Overpayment General Ledger account set up on the GOLD Services > General Ledger > G/L Account By Loan Type screen.