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

Event 22, Closed Loan Event

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

Event 22, Closed Loan Event

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This event record is generated when the system encounters tran code 580 (close loan).

 

Example Event 22 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

PO CUSTOMER MESSAGE LINE 1

POMES2

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 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 MISCELLANEOUS FUNDS

POMISC

Miscellaneous fund 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

 

See also:

Appendix A

Common Fields (All Events)

CIS Fields

Basic Loan Fields

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