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Latitude Help
Maintain Collateral Information
Use the Collateral tab in the Automotive panel to maintain vehicle collateral information for the account displayed in the Work Form.
To maintain collateral information
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In the Reference Panel navigation bar, click Available Panels and then click Automotive.
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In the Automotive panel, click the Collateral tab.
Collateral
Year: Vehicle model year.
Make: Vehicle manufacturer.
Model: Vehicle model.
Add-On: Optional features on the vehicle.
VIN: Vehicle Identification Number.
Manufacturing Code: Code that identifies the vehicle manufacturer.
Series Identifier: Series code that identifies the vehicle.
Color: Color of the vehicle.
Ignition Key Number: Number that identifies the ignition key.
Other Key Number: Number that identifies an extra vehicle key, such as the valet key.
Purchase Amount: Purchase amount the vehicle.
MSRP: Manufacturer Suggested Retail Price.
Fair Market Value: Amount the vehicle would sell for on the open market.
Hours: If selected, the number of hours on the vehicle.
Miles: If selected, the number of miles on the vehicle.
Totaled: If selected, the lien holder considers the vehicle totaled.
Damaged: If selected, the lien holder considers the vehicle damaged.
Sell Collateral: If selected, the lien holder intends to sell the vehicle for collateral.
Description: Description of the condition of the vehicle.
Legal Code: Legal code that grants the lien holder or credit agency the right to repossess the vehicle when the borrower defaults on the loan or lease agreement.
Volume Date:
Termination Date: Termination date of the loan contract.
Termination Effective Date: Date the termination of the loan contract became effective.
Finance Charge Due: Finance charge due on the loan.
Late Charge Due: Late charge due on the loan.
Tag
Decal State: State listed on the vehicle's license plate.
Decal Number: Vehicle's license plate number.
Decal Year: Vehicle's license plate year.
Title
Title Position: Position of the title (for example, original, duplicate).
Title State: State listed on the vehicle's title.
Title Status: Status of the vehicle's title (for example, salvage, rebuilt, junk).
Have Title: If selected, indicates that your organization has the title.
Dealer
Dealer Code: Dealer's license number.
Dealer Endorsement Code: Code that identifies the dealer's auto-broker endorsement.
Dealer Reserve Charge Back: Amount the finance company charged back to the dealer for early payoff of a loan.
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Complete the information and then click Save.