Loan/ReceivableDefinitions

List

Add-Edit-Delete Loan/Receivable Definition

Loan/ReceivableDefinitions List Sample

Administration Functions Overview

Description

This function is used to enter and maintain information pertaining to the various Loan/Receivable Definition Types that are utilized within the CRC system. Before an Account can be originated or otherwise importeded to the CRC system, it MUSThave a corresponding record in Loan/ReceivableDefinitions Types. The data contained in the Loan/ReceivableDefinitions Type record is used when setting up and applying payments, as well as applying Benefits/Allowances to a given Account.

The Loan/ReceivableDefinitions function is used to maintain the following information for each type of Account that is used within the CRC system:

• General Information - Account identification data, such as name, type, and vintage.
• Benefits/Allowances Information - the deferments, postponements, and cancellations that are applicable to the Loan/Receivable Definition type.
• Payment Information - payment terms, frequency and schedule; payment application priorities; applicable interest rates and amounts; applicable late charges and amounts.

This function is accessed by selecting the Loan/ReceivableDefinitions function from the drop-down box that appears in the Navigation Bar. When the function is selected, the Administration screen is updated as follows:

• A listing of all Loan/ReceivableDefinitions Types that are currently in the CRC system is displayed, as shown in the example below. The user can select any of these Loan/ReceivableDefinitions Types by clicking on the magnifying glass icon. Once a Loan/ReceivableDefinitions Type has been selected, its associated information can be updated, or the Loan/ReceivableDefinitions Type can be deleted from the system.

To Edit or Delete a Loan/Receivable Definition Type, click on the magnifying glass icon and the Loan/Receivable Definition Maintenance screen will be displayed. To Add a new Loan/ReceivableDefinitions, click on the Add icon in the function bar and the Loan/ReceivableDefinitions screen will be displayed

Loan/ReceivableDefinitions List Sample

If there are no Loan/ReceivableDefinitions Type records in the CRC system, the following message is displayed:

Back to Top