Navigation:  Loans > Loan Screens > Bankruptcy and Foreclosure Screen Group > Foreclosure, Repossession and Judgment Information Screen > Collateral tab > Purchase Money Information field group

This field group displays information about purchase-money security interest (PMSI) for the customer loan account. Information in this field group is set up at the time of origination and cannot be changed.

 

 

The Used for Description field displays a description of purchase-money security on the collateral item. It may be the collateral item itself (such as a car, boat, motorcycle), or another item not secured by the loan.

 

The Used for Amount field displays the amount of the loan the purchase-money item is securing.

 

See the About UCCs topic for more information about UCC and purchase-money security.