Loan Fee Assessment
Jump to navigation
Jump to search
Assessing a Loan Fee (IL467)
Fees can be assessed for Loan Fee Types that are set up and active in [[Loan Fee Type Maintenance |Loan Fee Type Maintenance]]Loan Fee Type Maintenance. The fees are capitalized so it gets added to the Loan Balance.
To access the loan fee assessment screen:
- Double-click Financial Services
- Double-click Loan
- Double-click Transactions
- Double-click Loan Fee Assessment. You will see this screen:
'Assess a Loan Fee
To assess a Loan Fee:
1. Search for or select the Loan from the list:
2. Select the fee that you would like to apply to the Loan from the bottom section of the screen:
3. Click to Save
4. The Fee can now be seen in the Loan Fee History:
OR
The Fee can be seen in the associated Loan record's Loan Fee History:
