Adding a Loan Draft Stop Pay
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The Loan Draft Stop Pays dialog box lets you add and delete stop pays on the loan selected in the Select a Loan Account drop-down list. To access the Loan Draft Stop Pays dialog box, the Stop Payments check box must be selected on the Credit Union Profile – Shares tab, and the 449 Report Rules must be established.
How do I? and Field Help
To access the Loan Draft Stop Pays dialog box, locate the member using the search tool on the top menu bar. Click the down arrow to select the search method, then enter the search criteria. Click the green arrow or press ENTER to locate the member. Click the Share Draft Stop Pay icon on the Overview tab or Shares - Activity tab. Or, on the top menu bar, click View, point to Stop Pay Files, and click Share Draft Stop Pays.
In the Draft Number field, enter the draft ID for the loan account (Length: 17 numeric). Click Search to display the stop pays for the specified draft number. Click Add to add a stop pay.
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Select the Delete check box and click Save to delete the stop pay. |
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Stop Code |
The type of stop pay. When adding a new stop pay, click the down arrow to select the stop pay code. |
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Start Draft |
The draft number of a single draft to be stopped or the starting draft number when stopping a range of drafts. Length: 6 numeric |
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End Draft |
The ending draft number when stopping a range of drafts. Length: 6 numeric |
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Amount |
The amount of the stopped or certified draft. Length: 10 numeric including decimal |
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Share |
The share type affected by the stop date. When adding a new stop pay, click the down arrow to select the share type. Length: 10 numeric including decimal |
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Draft ID |
The draft ID associated with the stop pay and loan draft account. When adding a new stop pay, click the down arrow to select the draft ID. |
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Stop Date |
The date the stop pay was added. When adding a new stop pay, click the down arrow to select the date or enter the date in MM/DD/YYYY format. |
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Stop Indicator |
The criteria that Portico will use to match and stop the draft during the back-office cycle. When adding a new stop pay, click the down arrow to select the stop pay indicator. |
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Fee |
Select this check box to charge a fee for the stop pay. |
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Prs |
This check box is selected if the draft has been presented for payment. Portico updates this check box during back-office processing when the draft attempts to post. If the entry is a range of drafts, Portico will select this check box when a draft number within the range is presented. |
Click Save to save your changes. Click Cancel to close the dialog box without saving your changes.