Modifying a Loan Disbursement

4.4.9 Modifying a Loan Disbursement

There are two types of modifications that you can make on a contract:

Those that affect the financial details of the contract.
Those that do not affect the financial details of the contract.

For example, the changes made to the User Reference Number, Auto Roll-over and Auto Liquidation flags do not result in changes, to the accounting entries that have been passed.

However, inputs to certain fields that contain financial information can be changed only under specific circumstances. For example, the changes in the interest rate, increase in the principal and so on, can be made only through the Value Dated Changes function.

A loan on which the previous activity has been saved but not been authorized, can be modified. For example, you have captured the details of a loan. The details had been saved but not yet authorized when you realize that some of the details have been wrongly entered. You can unlock the contract, make the modifications and Save it.

Note:

Any type of change, however, has to be authorized, before it takes effect.

Note:

If a contract is pending for authorization in any screen and if you try to unlock in OLDTRONL to do changes, then an error message

Unauthorized amendments exist for contract in function ID

appears.

Parent topic: Linking a Loan to Commitments