Changing a Discount During Discount Terms
You can modify the discount amount up until the date the discount applies.
Note: This option modifies the discount on a single payment. You can use this feature on contracts with either rate type (variable or fixed rate discounts).
To update a discount inside of the established discount terms:
- Navigate to the Edit Payment Status Page
To access the Edit Payment Status page:
- From the Payment/Lien Waivers section of the Draw Home Page page, choose the Manage Payments link.
- From the Edit column on the Manage Draw Payments page, choose the Edit link.
- In the Change Discount field of the Change Discount section, enter a new discount rate.
Note: The field Change Discount, is displayed as Change CCIP Discount if your project uses CCIP for variable discount.
- Select the Change button.
Last Published Wednesday, July 10, 2024