Navigation:  Loans > Loan Screens > Account Information Screen Group > Signature Loan Details Screen > Loan tab > Payoff fields

 

These fields appear between the Interest Information and Late Charges Assessed field groups on the Signature Loan Details screen.

 

If the loan is already closed and paid off, the Payoff Date field (PODATE) displays the date the loan was paid off. If the loan account is open, this field defaults to the current date. This field is updated when the payoff is processed on the Loans > Payoff screen. A payoff correction code 588 will delete information from this field.

 

This field displays the total amount required to pay off the loan (POPOFF). An amount greater than or equal to this amount must be entered in either the Cash In or Check In fields on the Post Payoff tab of the Loans > Payoff screen before the payoff transaction can be posted and the loan paid off. The amount in this field is calculated by the system and is not file maintainable.