Borrower Bill - Statement Portion

This portion of the invoice (see example below) provides cumulative detail for the loans reflected on the invoice.

 

Item

Description/Source

A

Four separate fields comprise this detail section of the Statement portion of the bill:

  • Borrowed - This is the sum of the Amount Borrowed of each loan that is reflected in the bill.

  • Paid - This is the amount paid to date for each loan that is reflected in the bill.

  • Cancelled - This is the amount cancelled (if any) for each loan that is reflected in the bill.

  • Balance - This is the current balance for each loan that is reflected in the bill.

B

These line(s) reflect the underlying loan(s) that comprise the bill.

C

These lines reflect the total amount due to payoff the displayed loans