FMT Lingo
Abbreviation for Electronic Funds Transfer
What is an EFT?
Compares loan balances from OIPA to this
What is the General Ledger?
Notifies Bob that his policy is in danger of lapse if payment is not received soon
What is a grace notice?
Acronym for Oracle Insurance Policy Administration
What is OIPA?
Determines if, when, and how frequently grace and lapse notices are required to be sent to a client
What are state regulations?
A return EFT notice was received due to this information being invalid
What is bank account information?
OOB is shorthand for this
What is an Out-of-Balance?
Task that is impacted by incorrect bank information
What are Return EFT's?
May offer a financial solution when Bob has encountered a hardship
What is a loan?