Navigation: Appendix A - Merge Field Descriptions (Loans) >
This event record is generated when the system encounters tran codes 440 (reserve 1 disbursement), 448 (reserve 1 disbursement correction), 640 (reserve 2 disbursement), and 648 (reserve 2 disbursement correction) for a single family owner-occupied loan (collateral code 1-4 and LNOWNR is checked) for any of the following Reserve Disbursement Type codes:
Code |
Tax Code Description |
---|---|
10 |
Taxes paid from reserve funds |
12 |
Additional taxes paid from reserve |
16 |
Property taxes |
17 |
Special assessments-property improvements |
18 |
Special handling-taxes paid from multiple notices or on multiple properties |
19 |
Delinquent taxes paid for prior years from reserve account |
79 |
Property tax - town |
80 |
Property tax - city |
81 |
Property tax - school |
82 |
Property tax - utility |
An event letter will be generated for each separate reserve disbursement type code processed on the account. If multiple disbursements are performed for the same disbursement type code, only one event letter will be generated for the combined amount.
This event letter is automatically generated; it cannot be manually ordered.
Note: No event letter 13 will be generated if a tran code 448 or 648 is processed on the same day for the same amount as the original transaction.
Merge Field |
Field Mnemonic/ Calculation |
Description |
---|---|---|
TAX PAID AMOUNT |
TRNLOG |
Tax paid amount from reserve |
TAX DESCRIPTION |
TABLE |
Tax code description pulled from the "Tax Code" table. These are GOLDPoint Systems-defined codes. |
See also: