- Contents
Latitude Help
Maintain Vehicle 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 vehicle collateral information
-
In the Reference Panel navigation bar, click Available Panels and then click Automotive.
-
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.
-
Complete the information and then click Save.