Loan Screens > Payoff Screen > Balances tab

Entry: System, numeric

F/M: No

Mnemonic: POLBAL

Screen: Loans > Payoff > Balances tab

This field displays the amount of funds not yet disbursed from a loan-in-process (LIP) customer account.

The value in this field is increased by a 510 credit transaction and decreased by a 500 debit transaction, an interest charged transaction, or construction disbursement 430 or 431 transactions in the GOLDTeller system. When GOLDWriter mnemonic LNUNDISB is used, this field will display the undisbursed balance for either LIP or line-of-credit loans (payment method 5). This mnemonic gives your institution the ability to display the undisbursed amounts for both LIP or line-of-credit loans in the same column:

•For LIP loans, the mnemonic will display the LIP undisbursed balance by reading this field. The LIP Method Code (displayed on this screen and adjusted on the Loans > Account Information > Account Detail screen) must be greater than 0.

•For line-of-credit loans, the undisbursed amount is calculated as follows: Credit Limit - Principal Balance = Undisbursed.

The amount in this field is subtracted from the payoff Amount when the payoff is processed. This field is not file maintainable.