Contract: Borrower’s Note Loans 
Contract: Borrower’s Note Loans
Use
In the Loans area, you can create a borrower’s note loan contract in three different ways:
1. Create reservation
You can activate a reservation created at an earlier stage. The system transfers the data entered in the reservation. You can then make additional entries in the more comprehensive screens for the contract.
2. Create purchase order/contract (Change contract)
To save time, you can create a purchase order (and hence a contract) with a reduced dataset. You can then use the Contract
® Change function to make additional entries in the more comprehensive screens for the contract.3. Create contract
You can enter a borrower’s note contract directly without a corresponding order. This function allows you to enter all the data for the contract.
If order management is set to active in Customizing, you can use all three options. If order management is not set to active, you can only use option 3.
For more information on the first two options, see Reservation and Order. This section describes the third option in more detail.