Delinquency Fine Code Definition
Access this screen by selecting Tool #464: Loan Fines Configuration.
SEE ALSO: Configuring Tools for Collections
SEE ALSO: Delinquency and Fine Calculation Methods Used by CU*BASE
This is the first of two screens used to set up Delinquency Fine Codes. These codes are attached to a loan account to define which type of delinquency fine should be assessed should this loan become delinquent.
Delinquency fine codes control the following:
When and how delinquency fines are assessed.
The G/L income account for fines.
Whether or not fines are recurring.
To create or edit a delinquency fine code, enter a one character alpha-numeric code and use Enter to proceed to the second screen.
NOTE: A blank in the delinquency fine code field on the account update screens is reserved for “no delinquency” (no delinquency fines are assessed). Zero is an available fine code.