The Account Setup area of a loan contains the inputs and functions that let you define what the loan is, including things like length of the loan, payment schedule, interest rate, etc. There are three areas where the loan data can be entered or updated: Setup Terms, Setup Tools, and Processes.
The Setup Terms area is used to set up loans and enter their data.
Setup Tools are used to change the way loans behave after they have been set up.
The only process in the setup area is Loan Renewal. It helps payday and title lenders to quickly renew loans.