August 2024 Change Record
Enhancements
The following table lists the new enhancements made to the existing features in the Q2 Loan Servicing User Guide for Amortized Loans for the August 2024 release:
| Serial Number | Enhancement | Link to the section |
|---|---|---|
| 1 | You cannot create a charge when a loan is closed. | Create a fee or charge |
| 2 | Payment mode for Closure-Tolerance now use Internal Transfer to differentiate from other LPTs |
The required content has been updated in the following sections: |
| 3 | EMI amounts can now be generated based on the varying interest rates defined in the Interest Rate Schedule for a Simple Loan and an Amortized Loan product. |
A new section is created as follows: Following sections have been updated accordingly: |