PRIN
Principal Charge

 

This transaction allows you to adjust the principal balance on the claim.


Note: Interest charges should be brought up to date prior to entering a PRIN transaction. This will assure correct daily charging of interest amounts. the INT transaction is used to bring interest up to date.

 To enter an PRIN transaction:

Select PRIN from the Enter Transaction Code selection and click the button:

This will open the PRIN screen:

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Enter the date of your PRIN transaction in the field.

Enter the amount of the PRIN transaction in the field. If the principal balance is to be decreased, enter a negative amount and if the balance is to be increased, enter a positive amount.

Enter any notes regarding this PRIN transaction in the Note field:

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Select to save your PRIN transaction.