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.
Parent topic: Monetary Transactions