Loans > Loan Screens > Account Information Screen Group > Reserves Screen Group > Account Reserve Detail Screen > Reserve Disbursements tab > Disbursement Information field group

Use the Type field to select the type of reserve disbursement for the current setup. When a reserve disbursement transaction (tran code 440 or 640) is performed, this field will be used in identifying the kind of disbursement made. The description associated with the type code is automatically displayed by the system. This description is used on reports and on the customer statement at year-end. There is no limit to the number of disbursement records available per loan. However, the maximum number of reserve disbursement records that can be processed in the analysis (see the Process Analysis as Follows field group on the Reserve Analysis Options screen) is 48.

This dialog is set up and maintained by GOLDPoint Systems. If a type of disbursement you need for an account is not listed in this dialog, contact your GOLDPoint Systems client solutions specialist. See the following tables that group the similar reserve disbursement types together.

	Note: Reserve payments made to taxes (Type 10) may be used on year-end statements and processing. See the Loans > Year-end Processing manual on DocsOnWeb for more information.

Tax Reserves

Type	Description
01	Other charges (when used with Reserve 2, the amount of the disbursement will be added to YTD interest at the end of the year and be reported as interest paid to the IRS. This amount will also be in interest and interest reported to IRS on function 27–to be used only if institution option OPTW RCSF is turned on).
07	Condo/Association dues paid from reserve—included in analysis. (See also code 15.)
08	Utilities paid from reserve—included in analysis.
09	Special Fees—Special assessments on property, but not a tax reportable to IRS.
10	Taxes paid from reserve funds. Reserve payments made to taxes (Type 10) may be used on year-end statements and processing. See the Loans > Year-end Processing manual on DocsOnWeb for more information.
11	Taxes paid by borrower—not analyzed
12	Additional taxes paid from reserve
13	Additional taxes paid from reserve
14	Irrigation fees
15	Condo/Association fees—not analyzed. (See also code 07.)
16	Property taxes
17	Special assessments—property improvements
18	Special handling—taxes paid from multiple notice or on multiple properties
19	Delinquent taxes paid for prior years from reserve account
77	Interest and penalty on delinquent tax
79	Property tax—town
80	Property tax—city
81	Property tax—school
82	Property tax—utility
83	Local improvement
84	Subdivision maintenance

Casualty and Fire Insurance Reserves

Type	Description
20	Associated fire insurance—premium paid from reserves
21	Associated investment insurance—premium paid by borrower
22	Outside policy—premium paid from reserve
23	Outside policy—premium paid by borrower
24	Additional policies on same loan
25	Additional policies on same loan
26	Fire insurance
27	Earthquake/flood combined policy—paid from reserves
28	Special handling—multiple policies and multiple properties
29	Additional premium due on present policy due to increase in coverage
85	Earthquake insurance—premium paid from reserves
86	Earthquake insurance—premium paid by borrower
87	Binder policy—full coverage paid from reserves
89	Binder policy—full coverage paid by borrower

Life Insurance Reserves

Type	Description
30	Mortgage life insurance—life insurance and disability
31	Mortgage life insurance—life insurance only
32	Mortgage life insurance—disability only
33	American Bankers Life and Casualty
34	No commission
35	This is an employee—no commission
37	Accidental death insurance
38	Life insurance
39	Accidental disability

Flood Insurance Reserves

Type	Description
40	Associated investment flood insurance—policy premium paid from reserve funds
41	Associated investment flood insurance—policy premium paid by borrower
42	Outside flood insurance—premium paid from reserve funds
43	Outside flood insurance—premium paid by borrower
44	Additional policies on same loan
45	Reserve account shortage—send statement to borrower, do not raise payments to cover insurance premiums due
46	Charge mortgage principal for insurance—no reserves accrued on mortgage
47	Special handling—multiple policies and multiple properties
48	Additional premium due on present policy due to an increase in coverage
49	Earthquake/flood-combined policy—paid by borrower

Mortgage Guarantee Insurance Reserves

Type	Description
50	FHA insurance premium due
51	MGIC insurance premium due
52	CMI insurance premium
53	Foremost Guarantee Corp. premium
54	General Electric Mortgage premium
55	Policy Holder Benefit
56	United Guaranty Residential Insurance
57	Verex Insurance premium
58	FHA Risk-based premium
59	Other Insurance companies
76	PMI Insurance not paid from reserve

REO Properties Reserves

Type	Description
62	Rent
63	Utility - water
64	Utility - gas
65	Utility - electric
66	Winterizing
67	Securing property
68	Yard care
69	Lock/Key
74	Homeowner dues
75	Repairs - property principal as part of payoff

Miscellaneous Disbursements Reserves

Type	Description
01	Other charges. If institution option RCSF (Use Reverse 2 Code 01 as Servicing Fee?) is set up, all disbursements from Reserve 2 with a Reserve Disbursement Code 1 (other charges) will be included in the Interest Reported to IRS. The fees will be reported on the customer's statement (FPSRP003) and on the Current & Prior Year-to-Date Statistics tab on the Statistics tab of the Loans > Account Information > Account Detail screen as Interest Reported to IRS. This is only reported at year-end and is not included in the Year-to-Date amount during the year.
60	Returned checks
61	Refund of reserve funds
70	Utility - electric
71	Legal fees
72	Recording, abstracting, and title report fee
73	Transfer fees
77	Interest and penalty on delinquent taxes
78	Property inspection fee
87	Binder policy - full coverage paid from reserves
88	Insurance cancellation
89	Binder policy - full coverage paid by borrower
90	Reapplied reserve funds
91	Miscellaneous
92	Journal corrections _ error corrected
93	Loan payoff _ funds from reserve applied to principal as part of payoff
94	Surface water maintenance fee
95	Advanced, payment shortage
96	Drainage fees
97	Lighting district fee
98	Charitable Contribution