Borrower Information

The Borrower Information tab of the Debt transaction records information for the lessee and the internal or external borrower. Only 1 record is allowed on this tab in most cases and that record is automatically created by the application in most situations. Only leases will allow for multiple lessee records. Please see the sections of Loan Functionality, Lease Functionality, and Bond Functionality for when the Borrower Information tab is required or prohibited.

The Borrower Information and Lessee/Borrower Information tab of the Debt transaction contain the following fields:

Field Name	Required?	Field Description
Line Number	System Set	Each Borrower Information record is identified by a system-assigned number starting with 1. This field is only visible on the lease transactions because only leases support multiple borrowers.
Customer Code	Conditionally Required	When specified, it is from whom payments will come. The entity or individual entered must always be certified with a Customer Active Status of Active and a Customer Approval Status of Complete. After that there is a series of internal or external requirements: External: All Bonds, External Loans Given, and Leases as Lessor Internal: External Loans Taken, Internal Loans, and Leases as the Lessee
Legal Name	System Set	The inferred Legal Name for the customer.
Address ID	Conditionally Required	When a Customer Code is entered, an Address ID is required to complete the customer information necessary to generate accounting transactions for billing/payment. The field can be manually completed with an Address ID that has the Address Type of Billing or will infer from one of two places: If Major Type of Loan is External Given or Lessor/Lessee Indicator is Lessor, then the default comes from the Customer Account Options for the AR Dept, AR Unit, Customer Code, and Billing Profile. If there is not an Address ID on the Customer Account Options record, then use second place below. In all other cases where a Customer Code is specified then the default will be the address on the Vendor/Customer information that is marked as the Default with an Address Type of Receivable.
Billing Profile	Conditionally Required	When a Customer Code is entered, a Billing Profile is required to complete the customer information necessary when that Customer is an external customer. The field is not used when there is an internal customer. If the Vendor/Customer record is setup with a default Billing Profile, that value will default if you do not manually enter a value that is valid with the Customer Code, AR Department, and AR Unit on the Customer Account Options page.
AR Dept	Required	A field that is most often system set, but can be manually entered when the default value from the AR Department Inference setting on the Revenue tab of the System Options page. The value is one of the four fields used when validating an external customer on the Customer Account Options page.
AR Unit	Required	A field that is most often system set, but can be manually entered when the default value from the AR Department Inference setting on the Revenue tab of the System Options page. The value is one of the four fields used when validating an external customer on the Customer Account Options page.
Percentage	Required	This is a required field shown only on the lease transactions. When there is only one customer, the default value of 100% should remain the value. However, if there are multiple customer accounts being billed, then you must enter a percentage for each. The value in this field cannot be negative and it cannot be greater than 100. Also, the sum of percentages on all Lessee/Borrower Information records for a given debt instrument must sum to 100%.