Variable Loan Dealer Profile Details
Purpose
A dealer profile will replicated the cost items set up on the Variable Loan Control Details, and allows the set up of rules on which components of a loan will post to the dealer system.
At least one dealer profile must be set up, as this is a mandatory field on the Variable Loan set up screen. Multiple dealer profiles can be set up if required
Access
- Dealer | Edit/View Dealer Variable Loan Profiles
- Variable Loan | Edit/View Variable Loan Dealer Profiles
- [F2] Lookup on Dealer Profile Field on the Variable Loan Account
Dialog Details
Details Specific Fields
Field | Explanation |
Code | A unique code to easily identify the dealer profile |
Description | A meaningful description that explains the use of this dealer profile |
Insurance Premium Rebate Transaction Type | Select the dealer system Insurance Rebate Transaction Type Note: This is only required where the dealer is paying the insurance premium that is financed If a loan early terminates, and insurance has been provided by the dealer, the rebate will post to the dealer account |
Active | Check this to make the dealer profile active |
Variable Loan Dealer Payout Details
This list on the right side of the Variable Loan Dealer Profile Details screen includes the fields entered on the Variable Loan Control Details screen
Highlight and 
the fields to be paid out to the Dealer
| Field | Description |
| Deduct Amount | This amount is used to deduct fees which may be kept by the finance company For example if a fee was to be charged on to the account but the Finance company wanted to keep $25.00 and pay the rest to the dealer The Deduct amount would be set to $25.00 |
Payout % Start | This is the % amount to be paid out at the beginning of the loan Loan Advance will generally be 100% IF the Finance Company wants to hold back an amount the % entered may be less then 100 and then balance paid at a later date |
Transaction Type | [F2] to This transaction type must post to the same GL code as specified for the cost item in the Variable Loan Control Details For the Loan Advance amount this will always be the Variable Loan Dealer Transfer GL Account If the transaction types do not point to the same GL code the GL will be out at month end |
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