Loans > Loan Screens > Insurance Screen Group > Adjustments Screen > Processing transactions > Remove Flood Insurance transaction (tran code 2890-08)

The Remove Flood Insurance transaction is similar to the Cancel VSI Insurance (tran code 2890-00). Changes were made to adjust the P/I constant by the change amount when any of these insurances is removed. This allows for multiple insurances to be placed and/or removed. Only insurances placed after the addition of these new transactions will contain the information to make the adjustment upon removal.

When insurance is force placed, the P/I change amount and the payment effective date are stored. This information is used to update P/I changes that are recorded in CIM GOLD. This same information is used to adjust these fields when insurance is removed.

The change amount is added to or subtracted from any P/I amount that is effective after the payment effective date and before the term end.

	Note: The company and agent numbers are both zero, so this information should be added to the insurance record after it is placed.