Discharge information

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The Discharge section contains fields and drop-down menus that allow you to enter and select payout statement/discharge information.


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Type:  The radio button is defaulted to Full Discharge

Mortgage type: drop-down menu will allows you to select the type of mortgage. Values are: Conventional or Collateral

Expected Payout Date: a calendar allows you to select the expected date on which the statement is required

Purpose of the payout: drop-down menu will allows you to select the purpose of the payout.

Reason for payout statement: drop-down menu will allows you to select the reason for payout statement. Values are: Discharge or Transfer. If Transfer value is selected, new fields are displayed to allow you to enter additional information. (See Reason for payout statement)

Borrower(s) consent: drop-down menu will allows you to select yes or no

Registered Amount: field that allows you to enter the registered amount