Navigation:  Appendix A - Merge Field Descriptions (Loans) >

Event 14, Loan Payoff Event

Navigation:  Appendix A - Merge Field Descriptions (Loans) >

Event 14, Loan Payoff Event

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This event record is not generated automatically. It must be requested; however, if no payoff record exists the letter will not be created. This letter can also be requested by using the Letter Date and Letter Number fields on the Loans > Payoff screen. Only event letter number 14 can be requested from that screen.

 

Example Event 14 Letter

 

Merge Field

Field Mnemonic/ Calculation

Description

PO ACCRUED INTEREST

POACIN

Accrued interest applied to payoff

PO AMOUNT

POPOFF

Payoff amount – includes all amounts applied to payoff. Refer to the TOTAL WITH FUTURE LATE CHARGE field below for more information regarding the PO AMOUNT.

PO CUSTOMER MESSAGE LINE 1

POMES1

First customer message line from payoff record

PO CUSTOMER MESSAGE LINE 2

POMES2

Second customer message line from payoff record

PO CUSTOMER MESSAGE LINE 3

POMES3

Third customer message line from payoff record

PO DATE

PODATE

Payoff date

PO EXPIRATION DATE

POEXPD

Date the payoff expires

PO FEES

POFEES

Loan fees applied to payoff

PO INTEREST CALCULATION CODE

POIBAS

Interest calculation method from the payoff record

PO INTEREST ON NEGATIVE RESERVES

POINRI

Interest on negative reserves applied to payoff

PO LATE CHARGES

POLATE

Late charges applied to payoff

PO LIP ACCRUED INTEREST

POLACC

LIP accrued interest applied to payoff

PO LIP CUSTOMER BALANCE

POCBAL

LIP customer balance applied to payoff

PO LIP UNDISBURSED BALANCE

POLBAL

LIP undisbursed balance applied to payoff

PO MISC ADJUSTMENT AMT 1

POAMT1

Payoff miscellaneous adjustment amount 1

PO MISC ADJUSTMENT AMT 2

POAMT2

Payoff miscellaneous adjustment amount 2

PO MISC ADJUSTMENT AMT 3

POAMT3

Payoff miscellaneous adjustment amount 3

PO MISC ADJUSTMENT AMT 4

POAMT4

Payoff miscellaneous adjustment amount 4

PO MISC ADJUSTMENT AMT 5

POAMT5

Payoff miscellaneous adjustment amount 5

PO MISC ADJUSTMENT AMT 6

POAMT6

Payoff miscellaneous adjustment amount 6

PO MISC ADJUSTMENT AMT 7

POAMT7

Payoff miscellaneous adjustment amount 7

PO MISC ADJUSTMENT AMT 8

POAMT8

Payoff miscellaneous adjustment amount 8

PO MISC ADJUSTMENT AMT 9

POAMT9

Payoff miscellaneous adjustment amount 9

PO MISC ADJUSTMENT AMT 10

POAMT10

Payoff miscellaneous adjustment amount 10

PO MISC ADJUSTMENT AMT 11

POAMT11

Payoff miscellaneous adjustment amount 11

PO MISC ADJUSTMENT AMT 12

POAMT12

Payoff miscellaneous adjustment amount 12

PO MISC DESCRIPTION 1

POFLD1

Payoff miscellaneous description 1

PO MISC DESCRIPTION 2

POFLD2

Payoff miscellaneous description 2

PO MISC DESCRIPTION 3

POFLD3

Payoff miscellaneous description 3

PO MISC DESCRIPTION 4

POFLD4

Payoff miscellaneous description 4

PO MISC DESCRIPTION 5

POFLD5

Payoff miscellaneous description 5

PO MISC DESCRIPTION 6

POFLD6

Payoff miscellaneous description 6

PO MISC DESCRIPTION 7

POFLD7

Payoff miscellaneous description 7

PO MISC DESCRIPTION 8

POFLD8

Payoff miscellaneous description 8

PO MISC DESCRIPTION 9

POFLD9

Payoff miscellaneous description 9

PO MISC DESCRIPTION 10

POFLD10

Payoff miscellaneous description 10

PO MISC DESCRIPTION 11

POFLD11

Payoff miscellaneous description 11

PO MISC DESCRIPTION 12

POFLD12

Payoff miscellaneous description 12

PO MISCELLANEOUS FUNDS

POMISC

Miscellaneous funds applied to payoff

PO NAME LINE 1

PONLN1

Name line 1 from the payoff record

PO NAME LINE 2

PONLN2

Name line 2 from the payoff record

PO NAME LINE 3

PONLN3

Name line 3 from the payoff record

PO NAME LINE 4

PONLN4

Name line 4 from the payoff record

PO PARTIAL PAYMENTS

POPRTL

Partial payments applied to payoff

PO PER DIEM

PODIEM

One day’s accrued interest of the principal balance plus deferred interest

PO PER DIEM CALCULATION CODE

POPDBS

Interest method used to figure payoff per diem

PO PRINCIPAL BALANCE

POPBAL + PODEFI

Principal plus deferred interest applied to payoff

PO RATE

PORATE

Payoff rate

PO RSV 1 AND RSV 2 BALANCES

POR1BL + POR2BL

Reserve 1 and 2 balances subtracted from payoff

PO RSV 1 AND RSV 2 INTEREST

POR1AI + POR2AI

Reserve 1 and 2 interest subtracted from payoff

PO SUBSIDY BALANCE

POSBAL

Subsidy balance subtracted from payoff when applied

FUTURE LATE CHARGE

Calculated late charge

The late charge is calculated in the GOLD EventLetters program. It is not included in the PO AMOUNT. You should use the TOTAL WITH FUTURE LATE CHARGE (see below) to disclose the payoff, including the future late charge.

 

Note: To include future late charges in the payoff quote, institution option OP06 AFLC must be set.

TOTAL WITH FUTURE LATE CHARGE

POPOFF plus calculated late charge

This is the PO AMOUNT plus the future late charge. Refer to the PO AMOUNT field above for more information regarding this field.

 

Note: To include future late charges in the payoff quote, institution option OP06 AFLC must be set.

 

 

See also:

Appendix A

Common Fields (All Events)

CIS Fields

Basic Loan Fields

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