Proprietary Reverse Mortgage Products Unfunded Commitments - Amount Committed Directly

Acct Code

Description

Tip for pulling data stored in CU*BASE

811C3

This is the unfunded portion of commitments to extend credit under revolving, open-end lines of credit secured by 1-4 family residential properties authorized by Proprietary Reverse Mortgage Products. Report unfunded commitments directly committed by the credit union.

This account code was removed by the NCUA in March 2022.

For open-end loans, run Tool #280 Contingent Liability Analysis Report  by quarter end date. Include all loan types (process types L, O, V and C).  Use the ‘Contingent Liability’ total for the appropriate loan category  code(s) that identify  this loan grouping.

For closed-end loans, run the Trial Balance from Tool #788 Selective Loan Information Report by quarter end date. Select the code (G/L#, category, purpose code or security code) that correlates closest to this loan grouping. On the Summary page, ‘Selected Loans’ column, subtract the ‘Total Loan Balance’ from the ‘Total Loans Disbursed’ to obtain the unfunded portion of commitments.