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A Repossession (Repo) Reason Code is a ten-character code used to identify why a vehicle was repossessed, such as Bankrupt, No Payment or Voluntary. The Repo Reason code is set on the Loan Detail screen accessed from the workspace. Repo Reason Code can also be added to reports and criteria for worklists.

From System Management, select Collection > Repo Reason Codes from the Reason/Status Codes group on the Configure tab. A list of reason codes currently configured in Elements is displayed.

On this page administrators can create, edit and delete Repo Reason Codes.

Creating a Repo Reason Code

To create a new Repo Reason Code, click New. A new row appears at the top of the list of Repo Reason Codes.

Enter a unique code in the Code field. Any alphanumeric string with a maximum of ten characters can be used. All letters are saved in upper case. Enter a description to provide detail on what the Repo Status Code is for.

Ensure the Active checkbox is selected so the code is activated in the system.

Click Save. Click Cancel to disregard any changes.

Editing a Repo Reason Code

To edit an existing Repo Reason Code, click the Edit link next to the code to edit.

Change the Repo Reason description. The Code cannot be edited. When finished, click Save. Click Cancel to disregard any changes.

Deleting a Repo Reason Code

To delete a Repo Reason Code, select the Delete checkbox next to the code to delete. Click Delete.