A.1.10 Backdated Payoff Quotes

OFSLL supports generating a backdated payoff quote to identify the total balance amount owed on account to satisfy the Loan as of a specific bankruptcy petition file date. Backdated Payoff quote can be generated anytime in the system and may be requested during a call from a customer, dealer, or insurance agent or a government official.

To generate Backdated Payoff quote, post the below monetary transaction by specifying the bankruptcy date or any other date which is before the current system date.

Table A-22 Backdated Payoff Quotes

Transaction Parameters
BACKDATED PAYOFF QUOTE Payoff Quote Valid Up To Date
Assess Payoff Quote Fee
Payoff Quote Ltr Print
Comment

The Backdated payoff quote appears in Results section of Maintenance screen.