<< Click to Display Table of Contents >> Navigation:  Regulation E Back Office > Regulation E > Reg E Setup > Transactions > Permanent Credit

A permanent credit transactions will be used if the institution has the policy of not investigating or challenging disputed transactions below a certain dollar amount. The disputed transaction is simply written off as a bank or branch loss.

 

 

In the example shown, the GL side of the transaction will debit a fixed (Main) branch and the institutions Loss account. The customer's credit transaction is formulated through the -1 special data entry values.

 

Should it be desired to charge the bank loss at the branch level, the GL side of the transaction will need to be changed to use the -1 special data entry value in the Branch field.