Managing Origination from Two-Term Loan to One-Term Loan

Packaging allows for a new disbursement plan option to support DL one-term loans. There are no changes to the Direct Lending process if you choose this new disbursement plan option. However, if you want to change an existing DL loan from a two-term loan to a one-term loan before transmitting the loan, you must first cancel the originated two-term loan using packaging and run DL origination with the adjustment check box selected. Then using packaging, insert a new row, award a new DL item type, use a disbursement plan and split code that reflects the new even split option for one term, and rerun origination with loan adjustments turned on.