13.1.4 Amending the Details of Annual Rest Loans

Oracle Lending applies the following restrictions on the amendment operations on Annual Rest Loans:

• In case you want to change the maturity date of an Annual Rest Loan, you cannot enter a maturity date before the due date of the first unprocessed unearned interest schedule. If there are no unprocessed unearned interest schedules, you cannot change the maturity date of the contract.

Example

Let us assume that for an Annual Rest Loan, the Due Date for calculating the unearned interest amount is 2-Jun-2002 and the maturity date of the contract is 2-Jun-2003. In Oracle Lending, you cannot modify the maturity date of the contract to a date before 2^nd June 2002 as this is before the due date for calculating the unearned interest amount.

You cannot redefine the schedules before the due date of the first unprocessed unearned interest schedule. You cannot amend the schedules of the contract if there are no unprocessed unearned interest schedules.

You cannot make the above-mentioned amendments on Annual Rest Loans since the system calculates the interest payment schedule amounts based on the interest calculation schedules. Therefore, if you make any financial amendments to the loan contract after allocating the interest amounts, it would make the previous allocations invalid.