Stop

Definition

A stop is a lock attribute of a loan contract that the system can set for a specific validity period for the loan, and which is triggered by specific events.

Note Note

You can only use stops for loans that are based on the product category Installment Loans (360).

End of the note.

Example Example

The Default process can set stops for a loan that determine how the system deals with incoming payments. If a check results in the system having to process incoming payments, the incoming payment distribution process then checks whether the incoming payments are to be processed in a special way, for example if payments are to posted to an interim account.

End of the example.

Use

You can use stops for loans from the product category Installment Loan (360). Various applications can set stops that are triggered by specific events, to stop dunning letters being sent to the borrower, for example. You can set stops manually in Stops Management.

Structure

A stop is a combination of stop actions. You assign predefined stop actions to a stop in Customizing for Loans Management.

Integration

The following functions in Loans Management support stops, for example:

  • Disbursement for installment loans

    You can set stops in loans to stop disbursements.

  • Extended incoming payment distribution

    The system checks whether stops are set for a loan that influence the processing of incoming payments.

  • Dunning

    You can set stops in a loan to stop dunning letters being sent to the borrower.

  • Billing

    You can set stops for a loan to prevent bills from being created.

  • Credit bureau reporting

    You can set stops for a loan to stop the creation of reports for credit bureaus.

See also

Stops Management

Installment Loans: Stops