Line of Credit Transfer

Overview of IL807

Occasionally there may arise a need to consolidate two or more lines of credit into one or to shift a portion of the funds for one line to another line of credit. The transfer function allows you to specify which portion of funds in the credit balance, interest-due balance, and amount due should transfer.

• From the DDI Connect main menu, double-click Financial Services
• Double-click Line of Credit
• Double-click Transactions
• Double-click Line of Credit Transfer. You will see this screen:

You first have to tell the system which Line of Credit you are transferring FROM. In the Line # field, type the Line of Credit number and click Find or click the list icon to select from a list of lines of credit in the system. The screen will now populate with that Line's information:

Now you'll tell the system which Line you are transferring TO. In the To column, type the Line of Credit number and click Find, or click the list icon to select from a list of lines of credit in the system. Your screen now looks like this:

In the Transfer column, the fields that are activated will depend on the amounts that are on the "FROM" Line of Credit. In each field that is active, type the amounts that you are transferring. When you have finished and are ready to do so, click the Transfer button on the toolbar:

If the transfer is successful, you will see this message:

Click OK. You will be returned to the Line of Credit Transfer screen.