Field

Description

Allow Balance Over Credit Limit

Mnemonic: LNRLOC

Use this field to indicate whether the system should allow transactions to increase the credit balance of the loan beyond the set credit limit. Late charges and finance charges will not roll into the account balance if this field is left blank and the credit available is zero.

Stop All Advances if Delinquent

Mnemonic: LNRLDS

Use this field to indicate whether the system should reject any principal increase on the loan if the customer account is delinquent. The account will appear on the Afterhours Processing Exception List (FPSRP013) showing the account number, the attempted advance amount, and the exception description: “DELINQUENT LOAN - NO ADVANCES.”

Stop All Advances

Mnemonic: LNRLST

Use this field to indicate whether the system should reject any and all principal increases on the loan. If a card loan is repossessed, this field is marked automatically.

Reason For Change

Mnemonic: M1RNCD

Use this field to indicate why the fields in this field group have been marked (or left blank). This field is for informational purposes only. Institution-defined reasons for change are set up on the Loans > System Setup Screens > Reason For Change screen.

For example, a customer calls suspecting her card has been stolen. Mark the Stop All Advances field and use this field to indicate "Fraud."