Loans > Loan Screens > Account Information Screen Group > Additional Loan Fields Screen > Daily Statistics & Fees tab > Daily Statistic Report Fields field group

This field group on the Daily Statistics & Fees tab of the Loans > Account Information > Additional Loan Fields screen display Daily Statistics Report fields for the loan.

laialf_dailystatistic

The fields in this field group are as follows:

Field

Description

Small Claims Loan

Mnemonic: LNSMLN

A checkmark in this field indicates that the balance of this loan falls under the state limit allowable for Small Claims Court. For example, if a state limit for Small Claims Court is $4,500.00, and the loan balance is $3,800.00, then you would place a checkmark in this field. Information in this field can be transferred from GOLDTrak PC.

Contract Conversion

Mnemonic: LNCNCV

A checkmark in this field indicates that this account was converted (refinanced) from a contract to a loan.

Contract Type

Mnemonic: MLCNTP

Use this field to indicate the type of contract used for the loan. Contract types are set up on the Loans > System Setup Screens > Contract Type Descriptions screen.

Customer Type

Mnemonic: MLCUTP

This field reflects the type of customer this is. This information is usually entered when the loan is initially opened and boarded into CIM GOLD. However, if you have proper security, you can make changes to this field. You can use this field in GOLDMiner or GOLDWriter reports. Possible selections in this field are:

1 - New. This indicates this is a new customer to your institution.

2 - Present: This is a customer who already has an account with your institution.

3 - Former: A former customer who is now returning.

4 - SFC: This customer is from a sales finance conversion.

5 - Live Check Conv: This customer came from a live check conversion.

6 - Acquired Loans: A customer acquired from another institution.

Delinquency Category

Mnemonic: LNDCAT

This field holds the delinquent category of the loan. See below for more information.

In the afterhours at monthend, the system runs Update Function 82 (Update Delinquent Category). This is when the delinquent category is set. The delinquent category will not change again until the update function is run again.

The update function classifies loans by counting the number of installments necessary to bring the loan current. If, for example, you have a loan due in November and the update function runs each monthend, on November’s monthend the loan would owe one installment. Owing one installment is considered less than 30 days delinquent. Owing two installments is considered 30 days delinquent.

If no payments are received before December’s monthend, the delinquent category is set to 30. On January’s monthend, it is set to 60, and so on. Valid categories are 0, 30, 60, 90, and 120 and over.

If Institution Option ODCT is set and the loan is delinquent one installment, it is considered a category 30. If the loan is delinquent two installments, it is a category 60; three installments, category 90; four or more installments, category 120.

Delinquency Grading

If Institution Option UDQG is set and the Lifetime Late Charges Collected plus the Applied to Payment is greater than or equal to the payment amount, the due date will be artificially advanced as many payments as possible, then the Delinquency Category field will be calculated. This is considered "grading" an account. For more information on delinquency grading and late charge assessment, see Special Delinquency Calculations for Consumer Loans and Special Late Charge Assessing for Consumer Loans.

	GOLDPoint Systems Only: When the afterhours update function Update Delinquent Category (82) runs, the delinquent category is set. Typically this will be at monthend. The delinquent category will not change again until the update function is run again. For the Update Delinquent Category function, the When to Run field should be set to “CYC31B”.

Interest Waive Date/Amount

Mnemonic: MRWVDT, MRWVAM

These fields display the date the waive interest transaction (tran code 2510-01) was last performed and the amount of interest that has been waived in the current calendar year. When the waive transaction (tran code 2510-01) is run, the program checks the date to see if any interest has been waived this year. If it has, the amount will be added to what is already in the field. If not, the field is cleared and the new amount is entered.

Customer Source Code

Mnemonic: MLSORC

This field is used to identify how a customer is referred to the institution. It is defined and used within each separate institution.

Loan Category

Mnemonic: MLSELS

This field is used to identify the category of the loan. Open the link below to view a list of available selections in this field.