Non-Accrual Loans

[Barbara Drews]

Does anyone have non-accrual loans in Silverlake? If so do you use shadow accounting or do you change the loan to statis 5 and do transactions to move current accrued interest into secondary accrued interest then let loan continue to accrue into secondary interest? Do you send monthly statements? are they different from the standard statement?

[Dan Niedbalski]

We use Shadow Accounting for Non-Accrual and Impaired loans. Once it is set up in interface it works great. Generates the same billing as before the status change.

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