Misc Funds

Entry: System, numeric

F/M: No

Mnemonic: LNMISC

Screen: Account Detail, Payment Detail tab; Loans > Collections > Account Delinquency, Delinquent Payments tab

Field Group: Payments Due

This field shows all miscellaneous funds on the loan. It is pulled from the Miscellaneous Funds field on the Balance & Dates tab of the Account Detail screen. This is a money field entered only through a teller transaction. The use of this field can be determined by your institution. Possible uses are insurance claim funds or rents collected on properties in foreclosure.

The Miscellaneous Funds field is a memo field for payment method 8 loans (rentals).