<SUBPAYMENT> Sub Element of <DISTRIBUTION>

NLS 5.40.6

Use to distribute payments among child loans of a commitment loan.

The <SUBPAYMENT> element is defined under the <DISTRIBUTION> element of the commitment loan but requires its own <DISTRIBUTION> and <PAYMENTDISTRIBUTION> elements to be defined.

Attribute Type Size REQ Default Comments
AcctRefno Numeric 9      
EffectiveDate Date   Yes Current Date MM/dd/yyyy or as configured by the DATEFMT user defined parameter.
LoanNumber String ≤25 Yes None  
PaymentMethod Numeric 9 No 0  
PaymentMethodReference String ≤50 No NULL  
Reference String ≤100 No NULL  
Amount Numeric 16,2 Yes None  
PrincipalAmount Numeric 16,2 No None The amount of the payment that is to be applied to principal.
InterestAmount Numeric 16,2 No None The amount of the payment that is to be applied to interest.
LateFeeAmount Numeric 16,2 No None The amount of the payment that is to be applied to late fee.
FeeAmount Numeric 16,2 No None The amount of the payment that is to be applied to fee.
ImpoundAmount Numeric 16,2 No None The amount of the payment that is to be applied to the impound balance.
UserDefined1 to UserDefined5 String ≤50 No NULL  
Options Numeric 9 No 0 To use these flags, set the value of this field to the sum of all the flags you want to use:
1 = Do not apply transaction to Shadow Loans.
4 = Payoff
8 = Not Used
32 = Renewal - sets minimum refund of $1.00 on payoff and $15.00 on renewal. Applicable to Rule of 78 Simple and Rule of 78 Add On loans only.
GetRecordID String   No   This will populate the value of LoanNumber based on StoreRecordID at LOAN
PaidByCIFNO Numeric 10 No   Use to indicate the contact that made the payment in a contact-loan relationship.
GetRecordIDForPaidByCifNo String   No   Use to indicate the contact that made the payment in a relationship using the contact’s StoreRecordID parameter.
IRSWriteOffEventCode String 1 No None Optional when Options includes Payoff.
Cannot be set if Options does not include Payoff.
Valid values are:
A = Bankruptcy
B = Other judicial debt relief
C = Statute of limitations or exploration of deficiency period
D = Foreclosure election
E = Debt relief from probate or similar proceeding
F = By agreement
G = Decision or policy to discontinue collection
H = Other actual discharge before identifiable event

XML

<NLS>
  <TRANSACTIONS>
    <PAYMENT LoanNumber="Commitment" EffectiveDate="12/09/2024" PaymentMethod="0" Amount="64">
      <DISTRIBUTION>
        <PAYMENTDISTRIBUTION>
          <PRINCIPAL DistUnbilled="0" DistCurrentDue="0" DistPastDue="0"/>
          <INTEREST DistUnbilled="0" DistCurrentDue="0" DistPastDue="0"/>
          <LATECHARGES DistUnbilled="0" DistCurrentDue="0" DistPastDue="0"/>
          <FEES DistUnbilled="0" DistCurrentDue="0" DistPastDue="0"/>
          <USERDEFINED1 DistUnbilled="0" DistCurrentDue="0" DistPastDue="0"/>
        </PAYMENTDISTRIBUTION>
        <SUBPAYMENT LoanNumber="ChildLoan1" EffectiveDate="12/09/2024" PaymentMethod="0" Amount="10">
          <DISTRIBUTION>
            <PAYMENTDISTRIBUTION>
              <PRINCIPAL DistUnbilled="0" DistCurrentDue="0" DistPastDue="0"/>
              <INTEREST DistUnbilled="0" DistCurrentDue="0" DistPastDue="0"/>
              <LATECHARGES DistUnbilled="0" DistCurrentDue="0" DistPastDue="0"/>
              <FEES DistUnbilled="0" DistCurrentDue="0" DistPastDue="0"/>
              <USERDEFINED1 DistUnbilled="0" DistCurrentDue="0" DistPastDue="0"/>
            </PAYMENTDISTRIBUTION>
          </DISTRIBUTION>
        </SUBPAYMENT>
        <SUBPAYMENT AcctRefno="408" EffectiveDate="12/09/2024" PaymentMethod="0" Amount="10">
          <DISTRIBUTION>
            <PAYMENTDISTRIBUTION>
              <PRINCIPAL DistUnbilled="0" DistCurrentDue="0" DistPastDue="0"/>
              <INTEREST DistUnbilled="0" DistCurrentDue="0" DistPastDue="0"/>
              <LATECHARGES DistUnbilled="0" DistCurrentDue="0" DistPastDue="0"/>
              <FEES DistUnbilled="0" DistCurrentDue="0" DistPastDue="0"/>
              <USERDEFINED1 DistUnbilled="0" DistCurrentDue="0" DistPastDue="0"/>
            </PAYMENTDISTRIBUTION>
          </DISTRIBUTION>
        </SUBPAYMENT>
      </DISTRIBUTION>
    </PAYMENT>        
  </TRANSACTIONS>
</NLS>