How To Adjust Loans
You issue ad hoc adjustments if you need to change a loan's principal and/or current balance outside of the normal billing and payment functions.
An adjustment can:
• Change a loan's payoff balance.
• Change a loan's current balance (i.e., how much the customer thinks they currently owe).
• Change both the loan's payoff and current balance.
Fastpath:
For details about the adjustment types to apply, refer to
Adjusting Loan Amounts. For information about creating adjustments, refer to
Adjustments.
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