Status Codes

 

LeasePak uses short codes to indicate the current status of leases and assets. Some codes initiate special actions by LeasePak, such as suspending the income earnings of a lease. Other codes are informational and may be used to create a more accurate picture of the status of the lease portfolio.

In the following sections is a list of the status codes and explanations for:

• Lease Status Codes
• Asset Status Codes
• User Defined Statuses

 

Lease

The following are lease status codes and accompanying explanations.

• AACQ
  ACTIVE ACQUIRED The lease was acquired from another source. This status is entered through the Master Financial update [U0202].
  
  
• AA01
  ACTIVE PRIOR CHARGE OFF A previously terminated lease that has been reactivated. This status is entered through the Suspended Earnings update [U0115].
  
  
• AA02
  ACTIVE PRIOR SKIP The lessee had previously absconded and placed in ‘HSKP’ or ‘NSKP’ status. The lease is active and will be tracked as a previous skip. This status is entered through the Suspended Earning update [U0115].
  
  
• AASM
  ACTIVE ASSUMED The lease was assumed by another lessee. LeasePak automatically assigns this status to the lease when assumed.
  
  
• AEXM
  ACTIVE EXTENDED MONTH-TO-MONTH The original lease matured and was extended month-to-month through the Lease Extension update [U0108]. LeasePak automatically assigns this status to the lease when extended.
  
  
• AEXT
  ACTIVE EXTENDED LEASE The original lease matured and was extended for a specified term through the Lease Extension update [U0108]. LeasePak automatically assigns this status to the lease when extended.
  
  
• ANOR
  ACTIVE NORMAL The lease is active under normal circumstances. LeasePak automatically assigns this status to the lease when booked. This status may also be entered through the Master Financial update [U0202].
  
  
• ABPT
  ACTIVE BLOCK PAYMENTS The lease is active and will continue to accrue to the general ledger accounts. Payments of any type may not be posted including: Payments [U0102], Batch Payments [U0415], and Assumed Payments [U0414], will not be allowed. In addition, Payoffs or Terminations [U0108], will not be allowed. The lease will not mature to ‘NMAT’ status or allowed to be suspended. This status is entered through the Master Financial update [U0202].
  
  
• ARBK
  REBOOK The lease has been rebooked through the Rebook update [U0116]. The Rebook update [U0116] is used to change the initial booking information of the lease, such as the assets tied to the lease, payment schedule, commencement date, etc. LeasePak automatically assigns this status to the lease when rebooked.
  
  
• ARED
  ACTIVE REDEMPTION The repossessed leased assets have been redeemed by the lessee and the lease has been reinstated. This status is entered through the Master Financial update [U0202].
  
  
• AREN
  ACTIVE RENEGOTIATED The lease terms have been renegotiated. This status is entered through the Master Financial update [U0202].
  
  
• AREP
  ACTIVE ASSIGNED FOR REPOSSESSION The leased assets are assigned for repossession, but have not yet been recovered. Lease payments may not be processed for a lease with this status. This status is entered through the Master Financial update [U0202].
  
  
• AXFR
  ACTIVE TRANSFERRED The lease has been transferred from one accounting unit (portfolio, company, region, and office) to another through the Change Lease Key update [U0114]. LeasePak automatically assigns this status to the lease when it is moved to another accounting unit.
  
  
• HHLD
  NON-ACCRUAL HOLD The income earnings are not accrued for the lease for a non-specific reason. This status is entered through the Suspended Earnings update [U0115].
  
  
• HINS
  NON-ACCRUAL NON-INSURANCE The income earnings are not accrued for the lease due to lack of adequate and/or required insurance. This status is entered through the Suspended earnings update [U0115].
  
  
• HREC
  NON-ACCRUAL RESCISSION The income earnings are not accrued for the lease because the lessee has rescinded on the lease contract. This status is entered through the Suspended Earnings update [U0115].
  
  
• HREP
  NON-ACCRUAL INVOLUNTARY REPOSSESSION The income earnings are not accrued for the lease because the leased assets have been repossessed by the lessor. This status is entered through the Suspended earnings update [U0115].
  
  
• HSET
  NON-ACCRUAL INSURANCE SETTLEMENT The income earnings are not accrued for the lease because an insurance settlement is pending (i.e., the assets have been damaged or destroyed). This status is entered through the Suspended earnings update [U0115].
  
  
• HSKP
  NON-ACCRUAL SKIP The income earnings are not accrued for the lease because the lessee absconded with the leased assets. This status is entered through the Suspended earnings update [U0115].
  
  
• HVOL
  NON-ACCRUAL VOLUNTARY REPOSSESSION The income earnings are not accrued for the lease because the lessee desires to return the leased assets to the lessor in order to terminate the lease contract. This status is entered through the Suspended earnings update [U0115].
  
  
• NCRP
  CHARGE OFF: INVOLUNTARY REPOSESSION) The lease has been charged off due to involuntary repossession of the leased assets. The lease is no longer active. LeasePak automatically assigns this status to the lease when the lease is paid off (through the Payoff update [U0103]) with an activity status of 'NREP’ (suspended earnings-assigned for repossession). Note that this status is not assigned if the activity status is ‘AREP’ (active assigned for repossession).
  
  
• NCSK
  CHARGE OFF: SKIP The lease has been charged off due to a lessee skip (i.e., the lessee absconded with the leased assets). The lease is no longer active. LeasePak automatically assigns this status to the lease when the lease is paid off (through the Payoff update [U0103]) with an activity status of ‘NSKP’ (suspended earnings skip).
  
  
• NP01
  CHARGE OFF: FORECLOSURE The lease has been Charged off due to foreclosure. The lease is no longer active. This status is entered through the Suspended Earnings update [U0115]. Note that this status is assigned if the activity status is NH01 (suspended earnings foreclosure).
  
  
• NP04
  CHARGE OFF: WRITE OFF The lease has been charged off as a write off. The lease is no longer active. This status is entered through the Suspended Earnings update [U0115]. Note that this status is assigned if the activity status is NH04 (suspended earnings write off).
  
  
• NCVL
  CHARGE OFF: VOLUNTARY REPOSSESSION The lease has been charged off due to voluntary repossession (i.e., the lessee voluntarily returns the leased assets in order to terminate the lease). The lease is no longer active. LeasePak automatically assigns this status to the lease when the lease is paid off (through the Payoff update [U0103]) with an activity status of ‘NVOL’ (suspended earnings repossession).
  
  
• NDSC
  LEASE DISCOUNTING The lease has been discounted through the Lease Discounting update [U0123]. The Lease Discounting update [U0123] is used to discount lease payment streams which are then sold to investors. LeasePak automatically assigns this status to the lease when discounted.
  
  
• NHLD
  SUSPENDED EARNINGS HOLD The income earnings are suspended for the lease for a non-specific reason. This status is entered through either the Suspended earnings update [U0115].
  
  
• NINS
  SUSPENDED EARNINGS NON-INSURANCE The income earnings are suspended for the lease due to lack of adequate and/or required insurance. This status is entered through the Suspended earnings update [U0115].
  
  
• NH01
  SUSPENDED EARNINGS: FORECLOSURE The income earnings are suspended for the lease due to foreclosure. The status is entered through the Suspended Earnings update [U0115].
  
  
• NH02
  SUSPENDED EARNINGS: INSURANCE CLAIM The income earnings are suspended for the lease due to pending insurance claim reasons. This status is entered through the Suspended Earnings update [U0115].
  
  
• NH03
  SUSPENDED EARNINGS: SETTLEMENT The income earnings are suspended for the lease due to pending settlement reasons. This status is entered through the Suspended Earnings update [ U0115].
  
  
• NH04
  SUSPENDED EARNINGS:WRITE OFF The income earnings are suspended for the lease due to pending write off reasons. This status is entered through the Suspended Earnings update [ U0115].
  
  
• NH07
  SUSPENDED EARNINGS:BANKRUPTCY Suspended Bankruptcy Document 7,11 or 12. This lease has been marked for Credit Bureau Reporting.
  
  
• NH13
  SUSPENDED EARNINGS: BANKRUPTCY Suspended Bankruptcy Document 13. This lease has been marked for Credit Bureau Reporting.
  
  
• NMAT
  ACTIVE MATURED The lease has matured. LeasePak automatically assigns this status to the lease when all the income for the lease has been earned.
  
  
• NPDS
  PAID OFF: DISCOUNTED The lease was paid off after discounted. The lease is no longer active. LeasePak automatically assigns this status to the lease when it is paid off through the Payoff update [U0103] with an activity status of ‘NDSC’ (Lease Discounting).
  
  
• NPER
  PAID OFF: EARLY The lease was paid off or terminated before maturity. The lease is no longer active. LeasePak automatically assigns this status to the lease when it is paid off or terminated through the Payoff update [U0103] with an activity status beginning with an ‘A’ (e.g., ‘ANOR’).
  
  
• NPHL
  PAID OFF: SUSPENDED This status is automatically assigned after paying off or terminating the lease with an activity status ‘NHLD’ (suspended earnings hold).
  
  
• NPMT
  PAID OFF: MATURED The lease was paid off or terminated at maturity. The lease is no longer active. LeasePak automatically assigns this status to the lease when it is paid off or terminated through the Payoff update [U0103] with an activity status of ‘NMAT’ (active matured).
  
  
• NPRC
  PAID OFF: RESCISSION The lease was paid off or terminated because the lessee rescinded on the lease contract. The lease is no longer active. LeasePak automatically assigns this status to the lease when it is paid off or terminated through the Payoff update [U0103] with an activity status of ‘NREC’ (suspended earnings rescission).
  
  
• NPST
  PAID OFF: INSURANCE SETTLEMENT The lease was paid off or terminated by an insurance settlement. The lease is no longer active. LeasePak automatically assigns this status to the lease when it is paid off or terminated through the Payoff update [U0103] with an activity status of ‘NINS’ (suspended earnings non-insurance) or ‘NSET’ (suspended earnings insurance settlement).
  
  
• NP02
  PAID OFF: INSURANCE CLAIM The lease was paid off or terminated by an insurance claim. The lease is no longer active. LeasePak automatically assigns this status to the lease when it is paid off or terminated through the Payoff update [U0103] with an activity status of ’NH02’ (suspended earnings insurance claim).
  
  
• NP03
  PAID OFF: SETTLEMENT The lease was paid off or terminated by a settlement. The lease is no longer active. LeasePak automatically assigns this status to the lease when it is paid off or terminated through the Payoff update [U0103] with an activity status of ‘NH03’ (suspended earnings settlement).
  
  
• NP07
  PAID OFF: BANKRUPTCY Paid Suspended Bankruptcy Document 7, 11, or 12. This lease has been marked for Credit Bureau Reporting.
  
  
• NP13
  PAID OFF: BANKRUPTCY Paid Suspended Bankruptcy Document 13. This lease has been marked for Credit Bureau Reporting.
  
  
• NREC
  SUSPENDED EARNINGS RESCISSION The income earnings are suspended for the lease because the lessee has rescinded on the lease contract. This status is entered through the Suspended Earnings update [U0115].
  
  
• NREP
  SUSPENDED EARNINGS INVOLUNTARY REPOSSESSION The income earnings are suspended for the lease because the leased assets have been repossessed by the lessor. This status is entered through the Suspended earnings update [U0115].
  
  
• NSET
  SUSPENDED EARNINGS INSURANCE SETTLEMENT The income earnings are suspended for the lease because an insurance settlement is pending (i.e., the assets have been damaged or destroyed). This status is entered through the Suspended earnings update [U0115].
  
  
• NSKP
  SUSPENDED EARNINGS SKIP The income earnings are suspended for the lease because the lessee absconded with the leased assets. This status is entered through the Suspended earnings update [U0115].
  
  
• NVOL
  SUSPENDED EARNINGS VOLUNTARY REPOSSESSION The income earnings are suspended for the lease because the lessee desires to return the leased assets to the lessor in order to terminate the lease contract. This status is entered through the Suspended earnings update [U0115].

 

Asset

The following explains asset status codes. Each code is preceded with an N (new) or U (used). LeasePak assigns the N or U status code based upon the New/Used parameter set through the Add Asset option of the New Lease update [U0101]. Changes to the New/Used parameter may be made through the Asset update [U0210].

• NLSE/ULSE
  NEW/USED ON LEASE The asset is currently on lease. LeasePak automatically assigns this status to the asset when it is booked to a lease through the Book Lease option of the New Lease update [U0101], the Rebook update [U0116], or the Asset Add-on update [U0113].
  
  
• NRIN/URIN
  NEW/USED IN INVENTORY) The asset is currently in inventory. LeasePak automatically assigns this status to the asset when it is returned to inventory through the Rebook update [U0116] or the Termination option of the Payoff update [U0103]. This status is also assigned to the asset if a disbursement to pay the vendor for the cost of the asset is made (through the Check Disbursal option of the New Lease update [U0101].
  
  
• NRIV/URIV
  NEW/USED PRE INVENTORY The asset is newly entered into inventory. Only assets with this status may be deleted from inventory using the Delete Asset option of the New Lease update [U0101]. LeasePak automatically assigns this status to the asset when it is placed in inventory through the Add Asset option of the New Lease update [U0101].
  
  
• NRPR/URPR
  NEW/USED IN REPAIR The asset is in repair. This status is reserved for future system use.
  
  
• NRPS/URPS
  NEW/USED REPOSSESSED The asset is repossessed. This status is reserved for future system use.
  
  
• NRSL/URSL
  NEW/USED FOR SALE The asset is being held for a pending sale. This status is reserved for future system use.
  
  
• NSLD/USLD
  NEW/USED ASSET SOLD The asset has been sold. LeasePak automatically assigns this status to the asset when it is sold through the Payoff option (lease or asset payoff) or the Sale of Asset in Inventory option of the Payoff update [U0103].

 

User Defined

The USER DEFINED STATUS code is an informational field. When an asset is added through the Add Asset update [U0101] this code is defaulted to ‘AINV’ (Available - inventory) and can be changed . When the asset is booked to a lease through Book Lease [U0101] it defaults to ‘NOLS’ (Not available - on lease). At the time the asset is paid off [U0103] the code will default to ‘NSLD’ (Not available - sold). This code may be changed through Asset Maintenance [U0210]. Any assets with status codes beginning with an ‘N’ cannot be booked to a lease.

Additional codes may be established through the Custom Codes update [U0722]. These codes must begin with an ‘A’ or ‘N’.

 

LeasePak  Reference Guide

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