Loans > Loan Screens > Account Information Screen Group > Additional Loan Fields Screen > Valuation/Billing tab > Statements and Coupons field group

Mnemonic: LNSTMT

Click the list icon to the right of this field in the Statements and Coupons field group to select the kind of loan statements the customer receives. The following are available statement codes:

Code	Description
1	No Statement
2	Bill and receipt statement
3	Mortgage year-end statement
4	Individual Trans Listing
5	Total of Individual Trans
6	Adds and Subtracts Activity
7	Average Daily Balance
100-110	Line-of-Credit Statements (see below for more information concerning these codes).
120	Free format statement (Used only with Coupon/Bill Code 11. )
121	For Mortgage Bill and Receipt Statement (FPSRP003), this code will eliminate the "Distribution of Payment Due" section.

Payment Method 5: Line-of-Credit Statement

Payment method 5 loans can receive statements made up of seven different sections. You can have statements with all seven sections, or you can choose to have certain sections appear on the statement.

The statement is broken down into the following sections:

1.Account number, statement date, payment due date, new balance, payment due, amount paid.

2.Name and address of borrower, pulled from the CIF System. Sections 1 and 2 are the portions returned by the borrower with his payment. The perforation is below the name and address.

3.Account number, statement date, and payment due date, past due amount and current amount due, and payment due.

4.Individual transaction listings identify monetary activity since the last statement date.

Date Posted

This is the date the transaction was processed.

Description

This identifies the purpose of the transaction (e.g., regular payment, late charges paid).

Late/Fee Charges

This identifies any late charge or fee assessments (tran code 560).

Principal Amount

This is the amount credited to or debited from the principal balance.

Interest Amount

This is the amount paid to interest.

Principal

This is the balance after each transaction is processed.

This section also identifies interest rate changes, the number of days the rate was in effect, and the actual dates (from and to) the rate was effective.

5.Totals of individual transactions.

6.This section adds and subtracts activity for the month. It is calculated as follows: Previous principal - principal payments and credits + principal advances + total finance charges + late charges = total loan (total amount owed on loan).

7.Average daily balance, YTD finance charges paid, credit line, unused credit, periodic interest rate, annual percentage rate.

These sections can be combined in several ways to create the statement you want for your customer.

The following codes appearing in the Statement Code field will determine what your customers' statements will look like.

Code	Sections	Statement Description
100	1-7	Line-of-credit statement
101	1-6	Simple loan statement
102	2-7	Line-of-credit - no coupon
103	2-6	Simple loan - no coupon
104	1-3, 6, 7	Line-of-credit - no history
105	1-3, 6	Simple loan - no history
106	1-4, 6, 7	Line-of-credit - no total
107	1-4, 6	Simple loan - no total
108	2-3, 6, 7	Line-of-credit - no coupon/no history
109	2-3, 6	Simple loan - no coupon/no history
110	1-4, 7	Line-of-credit - No history total/no account summary

More codes can be defined as you make your needs known to GOLDPoint Systems through work orders.