The Lifecycle Of A Pay Plan
The following diagram shows the possible lifecycle of a pay plan:
The following points explain this lifecycle:
Pay plans are initially created in the active state. Active pay plans are monitored for compliance by The Pay Plan Monitor.
A pay plan may be cancelled as follows:
A user can cancel a pay plan at will.
When a SA is stopped AND there are no other active SAs in the same debt class, all Active pay plans associated with the account and debt class will be will be Canceled .
The activation of a collection event that calls the "cancel pay plan" algorithm will cancel all active pay plans associated with the collection process's debt class. You may want to use such a collection event if your organization cancels active pay plans when new debt causes a collection process to kick-off. Note, the base package algorithm that performs this function will not cancel the pay plan if it's associated with a 3rd party payor.
The Pay Plan Monitor causes active pay plans to become broken if sufficient payments have not been made to satisfy the pay plan's scheduled payments.
The Pay Plan Monitor causes active pay plans to become kept when it detects that sufficient payments have been made to satisfy the pay plan's scheduled payments.