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Free Format Statements

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Free Format Statements

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The following free-format statement will be created if:

 

1. Coupon/Bill Code is 11.

 

2. Coupon/Bill Cycle is greater than or equal to 200.

 

3. Statement Code is greater than or equal to 120 and less than 130.

 

The following is an example of the free-format statement:

 

.                                                       64    1  128  234

         FRED FLINSTONE                        MONTHLY BILLING STATEMENT-CODE 11

         WILMA FLINSTONE

         1525 W. 820 N.  

         PROVO, UT 84604                      ACCOUNT NBR    PAYMENT    STATEMENT

                                                              DUE ON       DATE

                                               031 123456 05   6-01-96    5-22-96

 

PROPERTY ADDRESS: 1525 W. 820 N.                SOCIAL SECURITY NBR: 222-66-8888

 

_________________________ BALANCES PRIOR TO PAYMENT DUE __________________________

 

    PRINCIPAL        RESERVE    TAXES PAID   INTEREST PAID  INTEREST   PAID TO

     BALANCE         BALANCE   YEAR-TO-DATE   YEAR-TO-DATE    RATE      DATE

 

    23,456.81         158.34                        680.01   8.625     4-01-96

 

_______ DISTRIBUTION OF PAYMENT(S) RECEIVED SINCE LAST STATEMENT ( 4-21-96) ______

 

AMT TO PRINCIPAL      AMOUNT TO   PAYMENTS   LATE CHARGE      TOTAL      RESERVES

AND DEFERRED INT      INT / DEF  TO RESERVE   PAYMENTS    AMOUNT PAID    PAID OUT

 

 

 

                           DISTRIBUTION OF PAYMENT DUE

-------CURRENT PAYMENT--------  ------DELINQUENT AMOUNTS------   LATE      TOTAL

 PRINCIPAL   INTEREST RESERVE    PRINCIPAL   INTEREST RESERVE  CHARGES  AMOUNT DUE

     80.01     168.02   48.43        79.43     168.60   48.43               592.92

 

 

 

*****YOU MAY DISPLAY AN ADVERTISING MESSAGE HERE*****

 

                    ** RETAIN THIS PORTION FOR YOUR RECORDS **

 

__________________________________ PAYMENT COUPON ________________________________

 

 

* IMPORTANT -- PLEASE WRITE YOUR                FRED FLINSTONE  

 ACCOUNT NUMBER ON YOUR LOAN                   ACCOUNT NBR    PAYMENT    STATEMENT

 PAYMENT CHECK, AND RETURN IT                                 DUE ON       DATE

 WITH THIS PORTION TO OUR OFFICE.              031 123456 05   6-01-96    5-22-96

 

                                       CURRENT PAYMENT............      296.46

                                       PAST DUE PAYMENTS ( 1).....      296.46

                                       UNPAID LATE CHARGES........

                                                                 ***************

                                       TOTAL AMOUNT DUE..........*      592.92 *

                                                                 ***************

* NOTE -- YOUR PAYMENT IS DUE ON  6-01-96 AND IS PAST DUE AFTER

 THAT DATE. PAYMENT MUST REACH OUR OFFICE BY  6-16-96. IF NOT,

 THEN ADD AN ADDITIONAL LATE CHARGE AMOUNT OF.....................       12.40

                                       TOTAL DUE AFTER  6-16-96...      605.32

 

                                       EXTRA PRINCIPAL PAYMENT...._____________

                                       EXTRA RESERVE PAYMENT......_____________

                                       ADVANCE PAYMENT(S)........._____________

 DEPOSIT TO (SAVINGS/CHECKING) ACCOUNT NUMBER=              ......___________09                                                TOTAL AMOUNT REMITTED......_____________

 

 

The free-format statement is printed on forms provided by your institution or by GOLDPoint Systems. GOLDPoint Systems will print statement information as well as company logos on an 8 1/2" by 11" page on a laser printer. If you provide GOLDPoint Systems with your own pre-printed forms, such as Moore business forms, you should use the "Q form." Q forms have a perforation at the lower portion of the page, allowing the customer to remove the payment coupon and return it to your institution.

 

At the top of the free-format statement is printed a line of information used for internal purposes only. Above the words "Monthly Billing Statement" appears four sets of numbers (see sample statement above).

 

The first number is the number of this statement. For example, "189" means this is the 189th statement printed for your institution in this batch of statements.

The second number is the page number of this statement. For most statements this will be "1," since most statements have only one page.

The third number is the institution number assigned by GOLDPoint Systems to your institution. This number is beneficial to GOLDPoint Systems personnel only.

The fourth number is the GOLDPoint Systems report number. Again, this number is beneficial to GOLDPoint Systems personnel only.

 

Several options are available for the free-format statement. You have the option to have the property address appear on the statement, if the loan has a property address. Property addresses are set up on the Customer Relationship Management > Households screen in CIM GOLD. The property address appears directly below the mailing address (see sample statement above). If you would like the property address to appear on the statement, please submit a work order with your request.

 

You also have the option to have optic scanner lines printed on the last line of the statement (see sample statement above). Optic scanner lines are used with lock box. If you would like this option please submit a work order with your request.

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