Detailed Business Process Model Description : Manage Pay Plan Description : 2.6 Apply Pay Plan Criteria and Conditions to Payment(s) Received

2.6 Apply Pay Plan Criteria and Conditions to Payment(s) Received
See Manage Pay Plan (Page 3) for the business process diagram associated with this activity.
Group: Pay Plan Monitor Process
Actor/Role: CC&B
Description: The system collects all frozen non-cancelled payments associated for the account and same debt class. The payment dates must be after the start date of the Pay plan and associated with the Pay Plan's identified Payor. The system compares scheduled payments to actual payments to confirm scheduled payments were made on a timely basis.
 
 
PP OVRD ARS - This algorithm takes the arrears balances of an account's debt class, and adjusts/reduces them by the amount of the scheduled payments for pay plans of the same debt class.
 

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