Appendix A - Merge Field Descriptions (Loans) > Event 13, Reserve Tax Payment Letter

This event record is generated when the system encounters tran codes 440 (escrow disbursement), 448 (escrow disbursement correction), 640 (reserve disbursement), and 648 (reserve disbursement correction) for a single family owner-occupied loan (collateral code 1-4 and LNOWNR is checked) for any of the following Escrow Type codes:

Code	Tax Code Description
10	Taxes paid from escrow/reserve funds
12	Additional taxes paid from escrow/reserve
16	Property taxes
17	Special assessments-property improvements
18	Special handling-taxes paid from multiple notices or on multiple properties
19	Delinquent taxes paid for prior years from escrow/reserve account
79	Property tax - town
80	Property tax - city
81	Property tax - school
82	Property tax - utility

An event letter will be generated for each separate escrow/reserve disbursement type code processed on the account. If multiple disbursements are performed for the same disbursement type code, only one event letter will be generated for the combined amount.

This event letter is automatically generated; it cannot be manually ordered.

Note: No event letter 13 will be generated if a tran code 448 or 648 is processed on the same day for the same amount as the original transaction.

Merge Field	Field Mnemonic/ Calculation	Description
TAX PAID AMOUNT	TRNLOG	Tax paid amount from escrow/reserve
TAX DESCRIPTION	TABLE	Tax code description pulled from the "Tax Code" table. These are FPS GOLD-defined codes.

Event 13, Tax Payment Letter

Event 13, Tax Payment Letter