Loan Screens > Account Information Screen Group > Account Detail Screen > Account tab > Payment and Classification field group

Entry: System, numeric

F/M: No

Mnemonic: LNPBAL

Screen: Loans > Account Information > Account Detail > Account tab

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 line-of-credit loans (payment method 5). This option is requested by work order. For more information, see the description for transaction code 680 in Appendix A of the Loans manual in DocsOnWeb.

Institution Option SOVC requires a supervisor override when posting a Principal Decrease transaction (tran code 510-47).