Loans > Loan Screens > Transactions Screen Group > Make Loan Payment Screen > Payment Selection field group > Regular Payment

The following institution options are available when posting regular payments:

OPT 8 BSOV: Allows you to bypass the supervisor override when posting payments for interest-bearing loans (payment method 6) where the borrower pays more than the scheduled amount (if the loan has not been sold to an investor).

OPT Y CFEE: Requires a teller override (TOV) when posting a payment if miscellaneous fees are due on the loan. (This option is available for all payment methods.)

OPT Y BTOV: Stops the requirement for a TOV when posting a loan payment for an amount greater than the payment amount. This was created for processing mass payments; however, it also works with regular loan payments. (This option is only available with line-of-credit loans (payment method 5).)

OP01 BKPM: Bankruptcy (Hold Code 4 and 5)

Allows a principal decrease (tran code 510/518)

Allows a principal increase (tran code 500/508)

Allows a payoff (tran code 580)

Allows a loan payment (including automatic payments) (tran code 600/608)

Allows a spread payment (tran code 690/698)

Allows payment of late charges (tran code 550/558)

Allows waiving of late charges (tran code 570/578)

Allows VSI Add (tran code 870/878)

Allows VSI Cancel (tran code 890/898)

Allows assessing of miscellaneous fees (tran code 660/668)

Allows a payment of miscellaneous fees (tran code 850/858)

Allows waiving of miscellaneous fees (tran code 670/678)

Allows a partial payment (tran code 510/508 to field 33)

OP01 PIWD: Allows interest to be paid only in full-day increments for interest-bearing loans (payment method 6). If this option is set, when a payment is posted (600 transaction code only), interest will only be paid in full-day increments. For example, if the per diem is $5.50, only multiples of $5.50 would be paid to interest ($5.50, $11.00, $16.50, etc.), up to the full amount of interest owed. Any remaining amount will be applied to principal. If the amount paid is less than the per diem, no interest will be paid.

The result of this option will be a more accurate Date Interest Paid To (LNPDTO).

Example:

Given:

Principal balance: $3,816.10

Loan rate: 30.0000%

Interest base: 365

Per diem: $3.14

Interest for 30 days: $97.34

P/I Constant: $264.00

A payment of $100.00 divided by the per diem of $3.14 will be 31. The per diem multiplied by 31 is $97.34. The remainder of the payment ($2.66) will be applied to the principal.

OP02 APCO: Charge-offs (Hold Code 2)

Allows a loan payment (including auto payments) (tran code 600/608)