Rules Applied – Stop Interest Date

General

You can choose to either  suspend or resume interest accrual using rules applied.  This article is intended to supplement the information found in  rules applied.

Overview

Stop-interest-date rules applied can be found at Settings > Loan > Rules Applied > Stop Interest Date.

You have two options for each interest application listing:

  •   editEdit – Clicking this will let you edit the rule application.
  •   deleteDelete – This will delete the rule application.
Click  to add a new rule application.

Use the type drop-down to choose whether this rule application should suspend or resume interest accrual on accounts.  In the “Days from rule applied date” field select a date on which to apply the Suspend/Resume Interest Accrual, then enter the number of days from the rule applied date that the interest accrual should either stop or start.


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