Loan Insurance & Debt Protection Posting Reports and Exceptions

There are several message indicators that may appear on the CU*BASE loan insurance and debt protection posting reports. By reviewing the reports and comparing it with the exception messages listed below, you will be able to verify whether a premium or fee was posted. 

Loan Insurance Reports

• Monthly Renew/Level Rate Credit Insurance Premium Report - TCUNAS2
• Exceptions Report - TCUNAS3

Loan Insurance Exception Messages

• ADD SIGN - There is joint coverage on this loan. There is either no 'additional signer' record, or the birth date for the additional signer is missing or invalid.
• JT TO SG - There is joint coverage on this loan. One of the borrowers has reached the age maximum. The posting will change the rate used to the single rate and post. The joint insurance code will remain on the loan to indicate there was joint coverage. In many circumstances, the remaining covered borrower is the additional signer. If the member chose SINGLE coverage, then only the primary borrower would be covered.
• DIS TERM - This notifies the credit union and/or borrower that the loan's original term is longer than the disability coverage term. Depending on types of insurance calculations, the premium may or may not post.
• LIF TERM - Same as DIS TERM, but for life coverage. 
• DIS AGE - The member has exceeded the Disability Age Maximum and is no longer covered.
• LIF AGE - The member has exceeded the Life Age Maximum and is no longer covered.
• DIS BAL - The loan exceeds the Loan Balance Maximum. Premiums are figured on the maximum amount until the loan balance is equal to or less than the maximum.
• LIF BAL - Same as DIS BAL, but for life coverage. 
• DIS BEN - The monthly equivalent of the loan payment exceeds the maximum benefit coverage. Premiums will still post, but any claim would pay only up to the disability benefit covered amount.
• ORIG INV - The Original Amount of the loan is invalid or missing - this message pertains to the Last Disbursed Balance field for both closed-end and LOC loans.
• DLQ DAYS - The loan is over the number of Delinquent Days configured and the premium/fee did not post. The loan insurance code is removed and the credit union will need to monitor these loans and re-apply the coverage code(s) they move into the covered time window.

Debt Protection Reports

• Debt Protection Fees - TCUNAD2
• Debt Protection Fees Exceptions Report - TCUNAD3

Debt Protection Exception Messages

• ADD SIGN - There is joint coverage on this loan. There is either no 'additional signer' record, or the birth date for the additional signer is missing or invalid. If the Debt Protection Type is 'Blended', loans are covered with only one borrower or with an additional signer. This message will appear also on loans with only one borrower.
• JT TO SG - There is joint coverage (as opposed to 'Blended' coverage) on this loan. One of the borrowers has reached the age maximum. The posting will change the rate used to the single rate and post. The joint debt protection code will remain on the loan to indicate there was joint coverage. This also handles the circumstance where the remaining covered borrower is the additional signer. If the joint code was changed to the Single code, then only the primary borrower would be covered.
• DBT BAL - This appears when the balance of the loan is higher than the configured Maximum Coverage Balance. Fees will continue to post, but are calculated on the maximum covered balance, rather than the actual balance.
• DBT BEN - The monthly equivalent of the loan payment exceeds the maximum benefit coverage. Fees will still post, but any claim would pay only up to the debt protection benefit covered amount.
• DBT AGE - The member has exceeded the Maximum Age for Coverage and they are is no longer covered.
• DLQ DAYS - The loan is over the number of Delinquent Days configured and the debt protection fee did not post. The debt protection code remains on the loan and will begin to post fees when the loan is under the Delinquent Days time window.