Collateral Types

Collateral Types is the lookup that classifies acceptable security - land, motor vehicle, equipment, savings, chattels - and may carry haircut or coverage parameters per type. It standardises how collateral is recorded and valued across loans.

Workflow

Open the list and review existing collateral types.
Add a new type with its name and category.
Set any haircut or coverage rule for the type if supported.
Save and make it available for collateral records.
Maintain the list as policy on acceptable security evolves.

Fields reference

Every field on this screen, drawn from the live data model.

Field	Type	Required	Description
Type Name `name`	Text	Yes	Type Name
Code `code`	Text	Yes	Code
Sequence `sequence`	Number	—	Sequence
Active `active`	Yes/No	—	Active
Description `description`	Long text	—	Description
Requires Valuation `requires_valuation`	Yes/No	—	Requires Valuation
Requires Insurance `requires_insurance`	Yes/No	—	Requires Insurance
Depreciation Rate (%) `depreciation_rate`	Decimal	—	Depreciation Rate (%)

Notes & rules

Model: mfi.loan.collateral.type.
Examples: land, vehicle, equipment, savings, chattel.
Used when registering collateral on a loan.
May carry valuation haircut parameters.

Technical model: mfi.loan.collateral.type · Record: Collateral Type