Field

Description

Deferment Information list view table

The list view at the top of this screen displays the history of deferred loan payments tied to this account.

•The Seq column (DOCNTR) displays the sequence number of deferred payments (i.e., "1" means the first payment, "2" the second payment, etc.).

•The Deferred Due Date column (DODUDT) displays the date the regular loan payment is deferred to.

•The Deferred Charge column displays the charge amount applied to the loan for this deferment. Not all deferment types require a deferment charge, such as hardship and holiday deferments. Some institutions require a flat fee charge for regular deferments, while other states require specific calculations when requiring a deferment charge. See the Deferment Code help for more information. The amount in this column is subtracted from the regular loan payment to arrive at the amount in the Deferred Amount column, as explained below.

•The Deferred Amount column (TODFAM) displays the amount of the regular principal and interest payment that has been deferred after the Deferment transaction was run. This amount is calculated by subtracting the Deferred Charge amount from the regular principal and interest payment.

•The Type column displays the type of deferment this is. Possible deferment types include holiday, hardship, regular, and override.

•The Reason column displays the reason for the deferment. Nothing is displayed in this column unless the deferment was run with a Deferment Reason from one of the following transactions:
 

•Deferment Payment Transaction (tran code 2600-11)

•Deferment By Code Transaction (tran code 2600-13)

•No Rules Deferment (tran code 2600-17)

•Deferment with Reason (tran code 2600-35)

•Fee Reg Deferment (tran code 2600-50)

 
Deferment reasons must be initially set up on the Loans > System Setup Screens > Deferment Reason Codes before you can use them on the Deferment with Reason transaction. Note that Deferment Reason Code 2 is reserved for Hardship Deferments made from the Loans > Transactions > EZPay screen. Any Hardship deferments run from there will be given Deferment Reason Code 2, as shown below:

Deferment Reason Code 6 should be reserved for natural or declared disasters for credit reporting purposes.

Effective Date

Mnemonic: D0DTEF

This is the date the Deferment transaction was run on this account. Deferments are made through either the Make Loan Payment or EZPay screen. You can also run Deferment transactions through CIM GOLDTeller. See the Loan Deferments screen general help for more information.

Deferred Due Date

Mnemonic: D0DUDT

This is the date the regular loan payment is deferred to. For example, if you set up a deferment through the Loans > Transactions > EZPay screen on March 24, 2018, and the Due Date on the loan was March 17, 2018, the payment would be deferred for one month (if payment frequency is monthly) and the next date the payment would be due would be April 17, 2018. Therefore, 04/17/2016 would appear in the Deferred Due Date field.

No payment will be due on the date indicated in this field. However, interest will accrue as normal.

Next Due Date

Mnemonic: D0DUNX

This is the date of the next regular payment that is due. This date will be one frequency out from the Deferred Due Date above. No payment will be due on the Deferred Due Date. However, interest will accrue as normal.

Date Last Late

Mnemonic: D0LTDT

This is the date the borrower was most recently late in making the loan payment. This field may be blank if the borrower has always been on time in making loan payments.

Maturity Date

Mnemonic: D0MATD

This field is system-entered after a deferment transaction is made on an account. This is the date the deferment matures. For example, if the current Due Date is 12-27-2017, and the account owner makes a deferment on 12-23-2017,

If your institution wants the Maturity Date advanced after a deferment transaction is processed, enable Institution Option OP08-RMTD (Roll Maturity Date on Deferment).

Interest Paid to

Mnemonic: D0PDTO

This is the date, calculated with each payment, up to which interest has been paid on the loan. This date is not used for interest calculation purposes anywhere in GOLDPoint Systems, but is provided on this screen for loan servicing convenience. After a Deferment transaction is run, the system updates the Interest Paid to field with the Effective Date on the Deferment transaction.

See the Date Interest Paid to description on the Loans > Account Information > Account Detail screen for more information on this field.

Deferment Code

Mnemonic: MLDFRC

The Deferment Code field displays the method by which the Deferment Amount (see below) is calculated. See Deferment Codes for more information.

Deferment Amount

Mnemonic: D0DFAM

This field displays the amount of payment the customer paid when the Deferment transaction was run. The amount in this field can be zero (0). Depending on the type of loan this is, the amount in this field can either be applied to principal, interest, or both (see below).

Some states require a charge to the account in order to make a deferment. See the help for the Deferment Code to see how the system calculates the Deferment Amount to be paid based on what is in the Deferment Code field. Certain deferment types also do not require a deferment charge, such as hardship and holiday deferments.

Principal Amount

Mnemonic: D0PAMT

This field displays the amount of the Deferment transaction that was applied toward the principal of the loan. Not all Deferment transactions require a payment (charge) amount, so this field may be blank.

Interest Amount

Mnemonic: D0IAMT

This field displays the amount of the Deferment transaction that was applied toward the interest on the loan. Not all Deferment transactions require a payment (charge) amount, so this field may be blank.

Fees Collected

Mnemonic: D0LFEC

This field displays whether any additional fees were collected with this Deferment transaction. Fees can include late charges, processing fees, etc. Fees are different from the Deferment Amount collected (see above).

Late Charges

Mnemonic: D0LCAM

This field displays the amount of late charges paid, if any, when the Deferment transaction was run.

•See help for the Collect Late Charges When Current field on the Loans > Account Information > Account Detail screen for detailed information about collecting late charges for the current month when payments are more than one month past due.

•See also Special Late Charge Assessment and Grading for information about special late charge assessment and grading.

Late Charges Waived

Mnemonic: D0LCCW

This field displays any late charges that were waived when the Deferment transaction was run. Depending on the Deferment Code, some deferments do not collect late charges.

Term in Months

Mnemonic: D0TERM

This field contains the term of the loan in months. As Deferment transactions are run, the number in this field may be increased by the number of deferments processed. (Depending on whether Institution Option RMTD is enabled).

For example, if this loan was to be paid off in 60 months, but you ran a Deferment transaction twice over the course of this loan, this field would increase to "62;" thereby causing the borrower to pay two additional months on the loan to make up for the two months of deferred payments.

Deferment Inquiry field group

See Deferment Inquiry field group for more information.

Extensions field group

See Extensions field group for more information.

Deferment Type list view table

The list view at the bottom-right of this screen displays the type of deferments made since the loan was opened, the total number of each type of deferment, and a total for all deferments of every type. Possible deferment types of deferments are Regular, Holiday, Hardship, and Override. This list view is for informational purposes only. It cannot be file maintained. See the following example: