Verification of Deposit (VOD)
More Resources on the URLA Support Page
Use the Verification of Deposit (VOD) to record deposit and associated account information. When working with the URLA 2009 forms, when you add deposit information on the VOD, the total displays in the Assets and Liabilities section on the 1003 Page 2 input and output forms. When working with the URLA 2020 forms, when you enter deposit information on the VOD, the first five entries display in Section 2a on the 1003 URLA Part 3 input form. If you add depository information on the 1003 URLA Part 3, the information is added to the VOD. All VOD records display on the output form, provided the Does Not Apply checkbox is not selected for Section 2a on the 1003 URLA Part 3.
With URLA 2020 forms, non-depository account information is now recorded in the Verification of Other Assets.
To shortcut the entry of address information, type the zip code first. The City and State fields will automatically be filled.
To Access the Verification of Deposit:
There are two ways to open the VOD:
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On the Forms tab, click VOD.
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On the 1003 URLA Part 3 or the 1003 Page 2 input form, click the Show All (VOD) button.
To Create a New Deposit Record:
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On the top of the VOD list, click the New icon.
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Select an option from the VOD is for list to indicate for whom the deposit information is being created: Borrower, Co-borrower, or Both.
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Complete a separate VOD form for the depository if more than one option applies.
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Select the checkbox to print the statement "See attached borrower's authorization" on the applicant's signature line on the printed form.
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Complete the account holder information in the To: (Name & Address of Depository) section.
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Click the Address Book icon to add a depository from the Verification category of your business contacts. You can also type a name and then right-click to create a new contact in your business contacts.
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In the From section, the following options are available for the value that prints in the Title field on the output form.
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Accept the default value.
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Type a different value or clear the field.
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Select the Print user's name checkbox to print the name of the user selected in the Verification Contact Setup setting. If no selection has been configured in the setting, the name of the logged-in user is printed by default.
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Select the Print user's job title checkbox to print the job title of the user selected in the Verification Contact Setup setting. If no selection has been configured in the setting, the name of the logged-in user will print by default.
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Select an Account Type, and then type account information for each account held at the depository.
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Click the New icon to create another record.
Edit a Deposit
Record