Intercept Options

Apply Intercept Fee

If this flag is selected, a fee is applied to all debt that is intercepted during the Disbursements process.

Default Intercept Fee code

The intercept fee code for the Intercept Fee Amount that was taken during the intercept.

Remittance Fee description

Description for the Default Intercept Fee Code selected.

Intercept Text Template

The value in this field is inferred onto the check stub when a debt is intercepted.

Intercept Fee Frequency

This field determines how often an intercept fee may be applied for a receivable eligible for intercept.  Valid values are:

• If the Intercept Fee Frequency is set to Once, then a receivable transaction may have an intercept fee applied to it once.  Subsequent attempts to intercept any line on a receivable transaction will not result in applying an intercept fee.

• If the Intercept Fee Frequency is set to Once Per Day, then a debt record may have an intercept fee applied to it once per processing day (day defined as system date). Subsequent attempts during the same processing day to intercept any line on a receivable transaction will not result in applying an intercept fee.  However, if the receivable transaction is intercepted on a different processing day, it may be eligible for the application of intercept fees.

Intercept Margin Percentage

This defines the percentage difference allowable between the calculated Intercept Fees and Intercept Offset amounts.  This field is used in conjunction with the intercept fees and the intercept offset amount in order for the system to take the calculated intercept fees as part of the intercepted amount. For example, a 50% Intercept Margin Percentage would require that no more than 50% of an intercepted amount may be attributed to intercept fees. This field is required when the Apply Intercept Fee checkbox selected.