Due Date change in OC Loans App

For changing payment terms is allowed perform this change in particular contract statuses as follows:

  1. from Calculation to Signed – change of payment term can be done directly on Financing Card modifying the field Payment Terms Code. Calculation Updated boolean is changed to NO. To take change into Payment Calendar, the user confirms this with Complete Calculation button. In case recalculation was not done, warning message appears:

  • in Payment Calendar: "Financing calculation is not updated." From here can be started recalculation directly,

  • in Calculator Lines: "Financing calculation is not updated." From here can be started recalculation directly or Finish button makes the same job,

  • on Financing Card in case we open not recalculated contract.

  1.  Active - change of payment term can be done directly on Financing Card modifying the field Payment Terms Code. Calculation Updated boolean is switched to NO. To see changes in Payment Calendar, user needs to click on Finish button placed under Calculator Lines. If entering to Payment Calendar or Calculator Lines and change was not recalculated yet, warning message appears: "Financing calculation is not updated." From here can be started recalculation (Finish) directly. The same notice appears also after opening Financing card.

  2. Suspend, Closing, Settling, Archived – the Payment Terms Code field is not editable.

 

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Follow up:

How to change financing period

How to change financing rate

How to change principal amount

How to work with bulk changes