A.1.9 Payoff Quotes

A payoff quote is the amount still owed on account or amount needed to satisfy the Line of credit. It can be generated anytime and may be requested during a call from a customer, dealer, or insurance agent. A payoff quote can either be generated for current or future date, but not on a back date.

The transaction processing details and new balances after posting payoff quote appears in Results section of Maintenance screen.

Table A-20 To generate a payoff quote for an account

Transaction Parameters
PAYOFF QUOTE TXN DATE
PAYOFF QUOTE VALID UPTO DATE
ASSESS PAYOFF QUOTE FEE
PAYOFF QUOTE LTR PRINT
COMMENT