Navigation:  Loan Screens > Account Information Screen Group > Reserves Screen Group > Account Reserve Detail Screen > Reserve Disbursements tab > Disbursement Information field group > Payable to Both

Entry: User, checkbox

F/M: Yes

Mnemonic: RDPTOB

Screen: Loans > Account Information > Reserves > Account Reserve Detail > Reserve Disbursements tab

 

Marking this field will cause checks to be made payable to the IRS owner and the first name on the payee line when an automatic reserve disbursement is processed for disbursement codes 10, 12, 13, 16, 17, 19, 79, 80, 81, 82, 83, 94, 96, and 97. The mailing address will be that of the IRS owners.

 

Example: The IRS owner is John Doe with a mailing address of 1515 N. 500 W., Provo Utah. The payee is Utah County Treasurer. The check will be made payable as follows:

 

John Doe and

Utah County Treasurer

1515 N. 500 W.

Provo, Utah 84601