Loan Screens > Account Information Screen Group > Payment Information Screen > Loan Information tab > Recurring field group

Entry: User, checkbox

F/M: Yes

Mnemonic: RASLAP

Screen: Loans > Account Information > Payment Information screen

Select this box if you want to stop processing this recurring payment without deleting the record from the system. You might not want to delete the recurring transaction, for example, if you believe the customer may want to resume it at another time. If the customer decides to resume the recurring payment, simply deselect this box.

Note: If an ACH payment return is received with a return code other than R01 or R09 and Institution Option ACFR is set, the system will automatically charge off the loan (transaction 2022-01) as well as stop all future one-time and recurring payments on the account. This field will also be marked during this process.