Principal Balance

This field displays the unpaid principal balance of the loan.

Original Balance

This field contains the original amount of the loan. On loans with precomputed interest, this amount will include the loan principal plus the add-on amounts.

Date Opened

This field displays the date the loan was opened or funded.

First Due Date

This field displays the first date a payment was due following the loan becoming open.

Roll Due Type

This field indicates whether due date rolling on the account (in the case of incomplete payments) is determined on a basis of percentage of payment or dollar amount. This field is used in conjunction with Roll Due Date Within below.

Partial Payment Due

If the loan is a conventional or ARM loan, this field displays the amount paid toward the loan but not applied to the loan. Funds are credited to Partial Payments by a teller transaction and remain there until another teller transaction is processed to debit partial payments and post the money elsewhere (usually as a payment). This amount is generally used by the collection department if less than a full payment is collected.

Due Date

This is the date the next regular payment is due on the account. The system requires a due date to be on the loan before the loan can be opened.

Balance + Fees

This field displays the total balance amount of the loan, plus any additional miscellaneous fees that have incurred. This balance does not include late charges owing or amortizing fees.

Maturity Date

This field displays the date the last payment is due on the customer loan account (and the date the loan should be paid off). All loans must have a designated maturity date except revolving line-of-credit and rental accounts, otherwise payments cannot be posted.

Term

This field displays the term of the loan in months. It is used in calculating rebates on loans with precomputed interest and in determining the remaining term of ARM loans.

Roll Due Date Within

This field is used in conjunction with the Roll Due Type field above. This field indicates the dollar amount or percentage within which the due date will roll (if a payment is made that is less than the payment due amount).

Total Due

This field shows the total amount due on the loan to bring it to a current status. This amount is the sum of all payments due on the loan plus late charges and fees minus partial payments made.

Past Due Payments

This field indicates the number of payments the account is past due.

Late Charge Code

This is a code number that defines how the loan servicing institution calculates late charges for the account. Contact the institution for questions regarding late charge codes.

Late Charge Min

This field displays the minimum amount in late charges that can be assessed on the loan. This field is only valid when used with certain late codes (see above).

Late Charges Due

This field displays the total amount of late charges due on the account.

Grace Days

This field displays the number of days that are allowed after the Due Date (see General Loan Info fields above) and before a payment is made before a late charge is assessed. In other words, a late charge will be assessed on this number of days plus the Due Date.

If Due Date + Grace Days lands on a Saturday, Sunday, or holiday, settings specific to the loan servicing institution may affect when the system assesses late charges.

Late Charge Rate

This field displays the percentage rate that is used by the indicated Late Code (see above) when calculating late charges. Depending on the late code in question, this field could indicate a flat fee rather than a percentage amount.

Late Charge Max

This field displays the maximum amount in late charges that can be assessed on the loan. This field is only valid when used with certain late codes (see above).

NSF Fee Amount

This field displays the amount the loan servicing institution will charge for a check payment return due to non-sufficient funds.

Interest Rate

This field displays the current interest rate on the loan.

Interest Rate Pointer

This field displays the interest rate pointer used for the account. A rate pointer allows rate changes on loans using an interest rate table that is defined and maintained by the loan servicing institution. Rate pointer 255 indicates that the interest rate for this loan should never change. Contact the institution for questions regarding rate pointers.

Original APR

This field displays the original annual percentage rate (APR) of the loan.

Date Interest Paid To

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, but is provided for loan servicing convenience.

Interest Calc Method

This field indicates what basis is used when calculating interest on the loan. Possible methods are:

•365/365 days per year

•360/360 days per year

•365/360 days per year

•360/365 days per year

•366/366 days in a leap year

Per Diem

This field displays one day’s accrued interest of the principal balance plus deferred interest, or the LIP undisbursed balance for LIP loans.

Date Last Accrued

This field displays the most recent date on which interest was accrued for the account.

Payment Method

This field displays the payment method for the account. An account's payment method determines how to calculate interest and what rules to follow in processing payments. The loan servicing options available to an account vary greatly depending on which payment method is in use. Possible designations are Conventional, Growth Equity, Precomputed, Line of Credit, Interest-Bearing, ARM, Rental, or Signature Loan.

General Category

This field displays the General Category designation assigned to the account. General Category codes are reported to credit bureaus and are used in OTS reports. Contact the loan servicing institution for questions regarding general categories.

Payment Application

This field displays a code number that indicates the priority and order given to late charges, interest, principal, reserves, and fees when a payment is made. Contact the loan servicing institution for questions regarding payment application codes.

Original P&I

This field displays the P/I amount when the loan was first originated.

Next P&I Effective

This field displays the next upcoming date wherein the Next P/I constant (see below) will be used on the account, replacing the current P/I Constant (see below).

Payment Frequency

This field displays the payment frequency on the account. Possible frequencies are Bi-Weekly, Monthly, Bi-Monthly, Quarterly, Every 4 Months, Semi-Annual, and Annual.

Collateral Code

This field briefly describes the collateral used to secure the loan. Contact the loan servicing institution for questions regarding collateral.

P&I Constant

This field displays the portion of the regular payment that is divided between the amount to interest and amount to principal. This constant will be replaced by the Next P/I constant (see below) on the Next P/I Effective date (see above).

Next P&I

This field displays the P/I constant value that will replace the current P/I Constant (see above) on the Next P/I Effective Date (see above)

Security Code

This field displays a description of the type of security held for collateral on the loan, if applicable. Security codes are defined by the loan servicing institution. Contact the institution for questions regarding security codes.