Appendix
Appendix I
Credit Bureau Extract Metro 2 Format users.
The following is a partial list focusing on codes referred to in Section 4 and Appendix H and closely-related statuses. See the LeasePak Reference Guide for more information or contact your NetSol representative.
Note: Solely having a lease in an 'NC**' status labelled "CHARGED or CHARGED-OFF" does not constitute a charge-off for credit bureau reporting purposes. See Sec 4.22.
Also: LP will not allow a termination/payoff of a lease in any 'H***' status. Assign an 'N***' Suspended status prior to termination/payoff to have U0103 Payoff assign the corresponding Paid status.
For the following, if you assign the lease the indicated Suspended status through U0115 Suspended Earnings, U0103 Payoff will assign the corresponding Paid ('NP**' or 'NC**') status when you terminate or pay off the lease.
| Lease Activity Status Suspended/Paid Code Pairs | ||
| Suspended Status | Paid Status | Suggested Use |
| NH03 | NP03 | Pending/completed non-insurance settlement. For example, you will be accepting from the lessee less than the amount owed, but processing the account as paid in full. See Sec 4.33 |
| NH07 | NP07 | Account (or all clients on the account) in bankruptcy Chapter 7, 11, or 12 |
| NH13 | NP13 | Account (or all clients on the account) in bankruptcy Chapter 13 |
| NREP | NCRP | Pending/completed repossession. See Sec 4.26 |
| NSET | NPST | Pending/completed insurance settlement. See Sec 4.21 |
| NSKP | NCSK | Lessee has failed to make any payments, is missing, or has absconded with the asset(s). May need to be investigated for fraud |
| NVOL | NCVL | Pending/completed voluntary surrender. See Sec 4.27 |
Business Processes |
Appendix
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The information contained in this document is the sole property of NETSOL Technologies, Inc. Use of the information contained herein is restricted. Conditions of use are subject to change without notice. NETSOL Technologies, Inc. assumes no liability for any inaccuracy that may appear in this document nor does it have the obligation to update any of the information contained herein; the contents of this document do not constitute a promise or warranty. The software described in this document is furnished under license and may be used or copied only in accordance with the terms of said license. Unauthorized use, alteration, or reproduction of this document without the written consent of NETSOL Technologies, Inc. is prohibited.