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Solicitations field group
This field group displays deferred payment summary information for the customer loan account. Loans can be eligible for deferred payments due to military service, continuing education with student loans, unemployment, etc.
A deferred payment's effect on the loan can be calculated by entering a number in the # Def Eligible/Calculated field and clicking adjacent button. This feature can only be used if the loan is eligible for deferred payments.
The fields in this field group are as follows:
Field |
Description |
Mnemonics: CRDAVL |
This field displays any remaining cash available from the original loan amount. |
Mnemonics: CSHAVL |
This field displays the amount of money that would bring the loan account back to its original loan amount. |
Mnemonics: DCRLMT |
This field displays the master line-of-credit available for the loan. |
Mnemonics: N/A |
If the loan is eligible for deferred payments, the number of eligible deferred payments will appear in the system-entered portion of this field. A deferred payment's effect on the loan can be calculated by entering a number in the file maintainable portion of this field and clicking the adjacent button. |
Mnemonics: BLDFAM |
This field displays the deferment charge amount (when a deferment is estimated using the # Def Eligible/Calculated field above). Deferment types and fees are determined by your institution's needs and the state in which your institution operates.
For example, your institution requires a flat fee of $35 before customers can qualify for a regular deferment. If "3" is entered in the # Def Calculated field, "$105" would appear in the Deferment Amt field when the calculation occurs. |