Field Description - Liens Parameter Current Lien Year

The Liens Parameter Current Lien Year is the year a customer's delinquent balances are transferred to a lien.  During Liens Transaction Entry, if you enter a new lien transaction or you edit an existing lien transaction you must enter the Age as a combination of the Current Lien Month and the Current Lien Year.  In addition, the Current Lien Year can print on the 30-day notices or lien letters.

Notes:  

• Enter the current lien year as YY.  For example, enter 03 for the year 2003, enter 05 for 2005, or enter 06 for 2006.

• Generally, you will edit the value of this field once each year.

Where-Maintained:  Liens Parameter Maintenance

Where-Used:  Liens Prepare Notice Workfile routine, Liens Panel of Customer Finance Master Maintenance.

Format:  2.0 numeric, yy is the current lien year