Loan Inventory [R1101]

The Loan Inventory report [R1101] provides an inventory of underlying loans for leased assets. Both loan information and leased asset information are displayed.

The report may be accessed through the Loan report menu [R11] and is generated interactively for all lenders and loans.

 

Loan Inventory Report

The Loan Inventory report [R1101] reports at the loan level and provides the following information:

• LOAN
  The loan number is displayed.
  
  
• INCEPTN DATE
  The beginning or starting date of the loan is displayed.
  
  
• STATUS
  One of the following loan status values is displayed:
  

  Loan The loan is outstanding and not matured. This is the starting status code when a loan is initially entered onto the system.

  Active Matured The loan has matured.

  Paid/Removed The loan is paid off. The loan information is deleted from the files during the second End of Month process through the Loan Accrual update [U0455]. For example, paid/removed loans for January 1 through January 31 are erased during the End of Month process for February.

• LOAN TYPE
  One of the following loan types is displayed:
  
  • TERM
  • CONSUMER
  • REVOLVING
    
    
• R/N
  R represents recourse, N, non-recourse.
  
  
• INTEREST RATE
  The interest rate for the loan is displayed.
  
  
• CURRENT PRIN BALANCE
  The current principal balance owed to the lender is displayed.
  
  
• ASSET
  The asset number(s) associated with the loan are displayed. There may be multiple assets associated with the loan.
  
  
• ASSET DESCRIPTION
  The description(s) of the asset(s), as entered through the Add Asset option of the New Lease update [U0101], is displayed.
  
  
• ASSET STATUS
  The long form of the asset status is displayed. Refer to the Status Codes document for a list of asset status codes and their meanings.
  
  
• FEDERAL NET BOOK VALUE
  The federal book value of the asset is displayed. It is calculated as follows:

  FEDERAL TAX BASIS (adjusted for ITC)
  - ACCRUED FEDERAL DEPRECIATION

• TOTALS
  Page totals for the number of loans and the current principal balance are shown by lender.

 

LeasePak  Reference Guide

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