Pre-closure of protect enabled loans

The contract status Active - Marked for Closure is provided to identify protect enabled loans that are ready for closure, or are being paid off. The Loan Closure job that runs as part of the Start Of Day job picks up these contracts and processes them for closure.

If you are upgrading from an earlier version of CL Loan, you must:

• Add the Active - Marked for Closure status to the picklist values of the Status field of the CL Contract object, and make it applicable for the Loan page layout. For information on steps to do this, refer to section Modify the Drop Down List.

  

• Add the fields Rebate Payment and Closure Tolerance Payment to the Loan Payment Transaction Detail page. For information on steps to do this, refer to section Modify the Page Layout.

  

For information on early closure of protect enabled loans, refer to section Pre-closing a Protect Enabled Loan in the CL Loan User Guide.