Loan Screens > Account Information Screen Group > Reserves Screen Group > Reserve Analysis Screen > Options, Limits & Loan Fields tab > Analysis Options field group

Entry: User, drop-down list

F/M: Yes

Mnemonic: ABDEFB

Screen: Loans > Account Information > Reserves > Reserve Analysis > Options, Limits & Loan Fields tab

This field is where you choose which deficiency option to use. The three options are as follows:

A	Allow Deficiency (default)

B	Repayment within 30 days (only if the deficiency is less than one month's reserve payment

C	Repayment over 12 months

Warning: If you select option B requiring repayment within 30 days and the calculated deficiency is equal to or greater than one month's escrow payment, the system will default to option C and uses the Number of Payments to Repay Deficiencies (2-12) below to determine how many months to collect the deficiency.

Note: A deficiency is different than a shortage. A deficiency is any amount the lender has advanced from its own funds (the amount the escrow balance is below zero). A shortage is a calculated amount needed in the reserve by the time disbursements become due. You could have both a shortage and a deficiency on the same account.