A.2.37 Account Contract Maintenance
You can update and maintain Contract Information at Account level during Servicing and Collection stage by posting ACCOUNT CONTRACT MAINTENANCE non-monetary transaction in Customer Service > Maintenance > Transaction Batch Information section.
By default, the contract information in Customer Service screen’s Contract sub tab is populated from Origination screen on funding the application and is a display only version of the same information found on the Funding screen’s Contract screen.
This transaction can be posted on all Product Type, Status and Conditions. On posting, the same does not restructure the account based on the account fields update. Also, no calculations are performed as a result of posting of this transaction.
Table A-127 To post Contract updates to an account
| Transaction | Parameters |
|---|---|
| ACCOUNT CONTRACT MAINTENANCE | TXN DATE |
| AMOUNT FINANCED | |
| APPLICATION CHANNEL | |
| DISBURSED LOAN AMOUNT | |
| TOTAL DOWN PAYMENT AMOUNT | |
| TOTAL SALES PRICE | |
| CONTRACT RCVD DATE | |
| CONTRACT VERIFIED BY | |
| CONTRACT VERIFIED DATE | |
| COMMENTS | |
| REASON CODE |
For more information on above fields, refer to Contracts tab section in Funding chapter of Origination User Guide.
On successfully posting the transaction, a confirmation message is displayed in the Results section and contract details are updated to the account in Customer Service > Account Details > Contract Information tab.
Parent topic: Nonmonetary Transactions