Configuring Loan Delinquency Fine Codes (1)

Screen ID:  UDLQFN-01
Screen Title: Delinquency Fine Code  Definition
Panel ID: 6260
Tool Number: 464
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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.