2.13.6 or Higher - Reg F Changes Made Up to this Point in your DAKCS System

2.13.6 or Higher - Reg F Changes Made Up to this Point in your DAKCS System

Key: Recently Added


This article is to help show the changes made so far for Regulation F inside Beyond. Below are several areas in the system that you will see changes made and the reasons for which they were changed. The following listed changes are made in Beyond Version 2.13.6 and higher. 

System Reference Points


Contains data points that are needed for the Model Validation Notice

  • Mail Return Flag** - This flag will be automatically updated to a “Y” if you get an NCOA update that is an undeliverable address back from your letter vendor using the First Alert program. That’s whether you are using the Speed Clerical Mail Return menu option or if you are manually marking your mail returns in the system.
  • Itemization End Date** - This is a calculated date that gets set when you create your letter file to send to your vendor or when the letter is printed in-house. This will look at the Itemization End days flag in System Administration > Generate System > System Definitions (Flag 109)


Contains original creditor information that is required for the Model Validation letter if the original creditor differs from the current creditor.

Itemization Date Type
This data point is stored on the Client Master and also in the VALIDATION@ aux account screen. We made it to where when a client enters accounts on QwikClient, you will be prevented from committing the accounts for that client until the agency has defined this date type on the Client Master inside Beyond.
  1. The last statement date is the date of the last periodic statement or written account statement or invoice provided to the consumer by a creditor;
  2. The charge-off date is the date the debt was charged off;
  3. The last payment date is the date the last payment was applied to the debt;
  4. The transaction date is the date of the transaction that gave rise to the debt; or
  5. The judgment date is the date of a final court judgment that determines the amount of the debt owed by the consumer
The itemization date type field is required to be set on the client level to help determine what itemization date is being provided by the client. This will help keep your data consistent, easy to map, simplify balance calculations, and assist agents as they speak with consumers.

Please Note

If you as an agency have a custom Client Screen, you will need to add the new fields to the custom screen in Screen Designer in order for them to be editable.
  1. Open Screen Designer
  2. Open the client screen in-use
  3. Drag-and-drop the Itemization Type and Creditor Name to the screen
  4. Save

Validation End Days Sys Gen Flag 

Flag 109 in System Definitions. By default, set to 38 days.

Validation Letter Flag

On letter setup, you now can define a letter as being a validation letter. This will be looked at when mail returns are being handled with the NCOA updates that come back from the letter vendor, and also when processing mail returns in the Speed Clerical Menu, Enter Mail Return program. The end of validation date is only stamped for this type of letter.

Ignore Validation End Date

The flag is located on the letter setup for 1st alert, inhouse, and Beyond letters. This flag lets you define what letters you want to allow to be sent out during the validation period. If the content of a letter could be construed as overshadowing the validation letter, a good practice would be to block it from going out until after the validation period.

This field gets populated only when letters that have been marked as Validation notices get sent out. This field does need to be cleared out if processing mail returns manually.

Sample Validation Notice in Report Designer

This can be used as a template for agencies to print validation letters in-house in case you are not using a print vendor. Under sample reports in Report Designer. See example: CFPB Regulation F_Validation Notice

If there is a “Y” on the mail return flag or a date set in the itemization end date, additional letters will be prevented from being sent out, unless the data is cleared out or set to “N”. The reason for this is to help prevent letters from going to a bad address unintentionally and to help prevent any overshadowing of the validation period.

Contact Info

Missed a REG F: Focus Group session? Watch all the event recordings here. For questions about the REG F: Focus Group, please contact Justin Devine at justin@dakcs.com or call 801.394.5791 x297.

Need an Update? Please take a few minutes to look over the latest Release Notes. To schedule an update, reach out to Julie Newson by phone at 801.394.5791 x 269 or email julie@dakcs.com

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