| Answer:
You
used the "New Loan All Options" screen to set
up the loan in question.
One
of the "All Options" is the option to set up a
loan with a zero balance.
Notice
that the current balance field on this screen is
optional. You left it blank and the system created the
loan with no balance.
On
the "View Edit Post" - "Find" tab,
you will see a check box to show loans with zero
balances. If you check this box, you will be able to see
these loans.
On
"Administration / Loan Data Maintenance / Delete
Loan, you will be able to delete them. After checking
the "Find Loan" button, you will again have to
check the show zero balances check box.
This
feature is used for loans like construction loans where
the loan amount may be 200,000.00 but the first advance
(balance) is only 10,000.00. Post a transaction code 11
to set up the initial balance.
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