Delivered Loan Deduction
This table lists the deduction elements delivered for loan repayments:
| Name/Description | Unit | Rate | Base | % | Amount |
|---|---|---|---|---|---|
|
LOA DD LOAN Employee Loan |
N/A |
N/A |
N/A |
N/A |
System Element — Numeric |
|
LOA DD EXCEP Loans — Exceptional repayment |
N/A |
N/A |
N/A |
N/A |
System Element — Numeric |
Note:
We also deliver a deduction element, LOA DD TEMP, which is a temporary deduction used during processing.
For employees with more than one active loan, the system resolves the loan deduction element for each loan. For example, if an employee has 3 loans, the payroll results list three occurrences of LOA DD LOAN, with a separate result for each loan. Multiple resolution of the loan deduction is triggered by a driver accumulator, LOA AC LOAN DRV. This driver accumulator has two user keys LN VR LOAN ID (for loan ID) and LN VR LOAN TYPE (for loan type). The driver accumulator is discussed in the next topic.