Loan Insurance/Debt Protection Maintenance

Screen ID: 

Screen Title:

Panel Number:

images\kb_closed_shg.gif

UMBRINS-01

Payment Protection and Miscellaneous Coverage

5153


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This window appears after selecting Insurance or Debt Protection on the previous screen.  You can also access this screen by using the lookup next to Payment Protection on the Member Account Inquiry screen for a loan.

Check out the video related to this topic: Adding Payment Protection to a Loan (More videos below!)

Helpful Resources

Learn how to remove payment protection from a loan and complete other lending-related tasks.

Screen Overview

If this screen is access via Member Account Inquiry, you will not be able to add additional coverages to the loan.)  Via this access point, this screen can also be used to view the history of CPI force-placed insurance (use CPI History (F12).

If accessed via Account Update, this screen can be used to change a members debt protection or add additional protection.  For example, if a member's coverage has been discontinued because of delinquency, this could be used after the member reapplies for coverage, use this screen to record the insurance code again and resume posting premiums. Click the lookup button images\magnifyingglasslookup_shg.gif to see a list of your credit union's configured codes.  Use Add Coverage (F6) to add additional coverage.  Use CPI History (F12) to view the history of CPI force-placed insurance (for credit unions who use the "posting and payment adjustment" method only).

Once changes have been made, use Enter to record the selections and return to the previous Account Update screen, or use the back arrow to cancel the changes.

Additional Video Resources

Adding Miscellaneous Coverage to a Loan

Removing Miscellaneous Insurance Coverage from a Loan Account

Removing Payment Protection from a Loan Account

View more lending videos.

Visit the Show Me the Steps video library to view more videos!

 

Link to ID: https://help.cubase.org/cubase/cubase.htm#UMBRINS-01.htm