Delivered Loan Deduction

These two deductions are used to process loan repayments:

• LOA DD LOAN (employee loan).

  Use this deduction for the normal loan repayment. This deduction is only processed if you enter loan information for a payee on the Employee Loans page. You can override the deduction amount using positive input (with supporting element overrides).

  For payees with more than one loan, the payroll process resolves the deduction multiple times. Multiple resolution is described in the PeopleSoft Global Payroll product documentation.

• LOA DD EXCEP (loans — exceptional repayment).

  Use this deduction for processing exceptional loan payments. An exceptional payment reduces the loan balance but is not deducted from net pay.