Short Pay Allocation and Short Pay Go Negative Examples

Last revised: December 7, 2004

the client preference UPAY_TOLERANCE is set to $3.00.

Example 1:

Set client preference SHORT_PAY_ALLOCATION to Interest.

Set client preference SHORT_PAY_GO_NEGATIVE to Y.

total due = $3192.32, which is just levy. No penalty, interest, or attorney fees are owed.

Make payment of $3190.32, which is $2.00 short in levy.

the account is paid off. A negative $2.00 appears in the Interest column, applied to the individual units.

 

Example 2:

Set client preference SHORT_PAY_ALLOCATION to Interest.

Set client preference SHORT_PAY_GO_NEGATIVE to Y.

total due = $8.86 ($6.25 levy, $.75 penalty, $.38 interest, $1.48 attorney fees).

Make payment of $7.00, which is $1.86 short, but is more than what is owed for levy.  

Levy is paid off, penalty and interest are not paid (but by default return to $0.00 when levy is paid off).  A refund of $1.25 is put into unit 8003, because the OVERPAY_TOLER client preference is set to $4.99.

 

Example 3:

Set client preference SHORT_PAY_ALLOCATION to Interest.

Set client preference SHORT_PAY_GO_NEGATIVE to N.

total due = $2486.42 ($1816.89 levy, $218.03 penalty, $127.18 interest, $324.32 attorney fees)

Make payment of $2485.00.  Paid off levy, all of penalty and attorney, and 125.76 in interest.  The variance was taken out of interest because there are no negative values involved.  No funds are put in unit 8003.