Navigation:  Loan Screens > Account Information Screen Group > Amortizing Fees And Costs Screen > Fee/Cost Information field group > Skip CIB Processing

Entry: System, checkbox

F/M: No

Mnemonic: F1CIBS

Screen: Loans > Account Information > Amortizing Fees And Costs screen

 

Select this box if you want this fee or cost to be excluded from being refunded when a loan is converted from a precomputed loan to an interest-bearing loan (through the Loans > Transactions > Charge Off Transactions screen, Convert Precomputed to Simple tab). Customers will still be responsible for paying amortizing fees and costs if this box is selected.

 

If this box is not selected, the fees and/or costs will be refunded to the borrower after the loan is converted from a precomputed loan to an interest-bearing loan.