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 Documentation Suite
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