4.2.10 Capturing Details of Amendments to Loan Agreements

You can record whether there has been any amendment to the loan agreement after it was initiated. If you record that there has been an amendment, you have to specify the date on which such an amendment was made.

The details that you specify in these fields are stored as part of that particular version of the contract. You, therefore, need to enter these details afresh each time you amend the contract.

These details are incorporated in the contract confirmation advice and amendment confirmation advice that is sent to the customer.