Navigation:  Loan Screens > Account Adjustment Screen > Current Account Information field group > Principal Balance

Entry: System, numeric

F/M: No

Mnemonic: LNPBAL

Screen: Loans > Account Adjustment screen

 

This field displays the unpaid principal balance of the loan. It can only be entered, changed, or otherwise affected by teller transactions, which means it cannot be file maintained through this screen. Depending on the kind of loan, a transaction may either reduce or increase this balance.

 

An option is available to open a new loan with a principal balance of zero for payment method 5 loans. This option is requested by work order.

 

Institution Option SOVC requires a supervisor override when posting a principal decrease.