Loan Screens > Payoff Screen > Balances tab

Entry: System, numeric

F/M: No

Mnemonic: POMISC

Screen: Loans > Payoff > Balances tab

This field is a memo field for payment method 8 loans (rentals). This is a monetary amount field that may be used in any way your institution desires. Possible uses for this field are insurance claim funds or rents collected on properties in foreclosure.

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