Loans > Loan Screens > Insurance Screen Group > Policy Detail Screen > Tax and Surcharge tab

Use this field group to view any surcharges that apply to the selected insurance policy on the customer loan account. Not all insurance policies require a surcharge.

The fields in this field group are usually populated when insurance policies are placed on loans through GOLDTeller transactions (e.g., Force Place VSI Insurance, tran code 2870-00; Force Place Homegard Insurance, tran code 2870-07; Force Place Flood Insurance, tran code 2870-08). However, the Surcharge Rate field can be file maintained.

lipd_surcharge

The fields in this field group are as follows:

Field	Description
Original Surcharge Mnemonic: INSURG	This field displays the original surcharge charged when the selected insurance policy was issued either at loan origination or through the Loans > Insurance > Force Place screen.
Earned Surcharge Mnemonic: INBLSCTE	This field displays the amount of the Original Surcharge that has been earned by your institution over the life of the selected insurance policy. The Original Surcharge amount is amortized and charged to the customer as part of the insurance policy premium payment. This field is calculated as follows: Original Surcharge - Unearned Surcharge = Earned Surcharge
Unearned Surcharge Mnemonic: INBLSCTU	This field displays the amount of the surcharge that is eligible to be rebated back to the customer if a loan payoff or policy cancellation occurs.
Refunded Surcharge Mnemonic: INSRFD	This field displays any surcharge amount that is eligible to be refunded when the selected insurance policy is canceled or paid off. This field is automatically populated when the policy is canceled using a GOLDTeller transaction (e.g., Cancel VSI Insurance, tran code 2890-00; Cancel Other Insurance, tran code 2910-00).
Surcharge Rate Mnemonic: INSCRT	This field displays the surcharge rate for the selected insurance policy on the customer loan account.