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Legal Accounting 3
SECTION
2.4.2 - INTEREST PAYMENTS DUE REPORT
USAGE: To print a list of all or a selection of Mortgage
Registers with information relevant to Interest Due status. Generally this
report is printed on a periodical basis to remind you of the files that should
be expecting an interest payment from.
DISCUSSION: The report always prints in file code order.
When you enter this program, the following questions
will appear:
USE LONG FORMAT REPORT If you are using wide stationery, reply Y, otherwise reply N. This question will only be
displayed if the relevant option is set to A, see SECTION 7.1.2.
INCLUDE ALL FILES If you answer Y here, all uncompleted
files will be included in the report. Otherwise, you will be asked to enter
values for the following ranges. If you enter Y here,
go directly to the OK TO PRINT question.
INCLUDE UNCOMPLETED FILES If you enter N here, the report will
exclude current files. The default answer is Y.
INCLUDE COMPLETED FILES If you enter N here, the report will
exclude completed files. The default answer is N.
MORTGAGOR RANGE This allows you to limit the report to a range of
Mortgagor codes. Enter the lower and upper ranges of the codes you require. The
default limits will include all Mortgagors.
DUE DATE RANGE This allows you to enter a range of Interest Due Dates. Enter the
lower and upper ranges of the dates you require. The default limits will
include all dates. You would normally enter a range of dates covering, say, the
next three months.
To start the report, press <Enter> through each field or simply press <F10>.
The report itself will detail the Mortgage code, the
Trust file’s name, a flag specifying whether the file is completed or not, the
Principal sum lent, the date the Mortgage stated and is expected to end, the
Normal and Higher Interest Rates and value, the Payment Period, the date and
value of the last payment and the date of the next interest payment.
Note that the next payment date is computed by
checking the starting date and moving forward (using the Payment Period) until
the first valid date, within the date range chosen, is struck. Only the first
date, computed this way, is printed, so if you choose a wide date range, a
particular Mortgage might have more than one payment pending, in this range,
but only the first one will be printed.
