Rules Applied – Change Due Date

General

You can use  rules applied to change due dates on your accounts.  Change-due-date rules applied will change the next due date on an account when the account qualifies for a specified rule.  This article is intended to supplement the information found in  rules applied.

Note: If there is no valid next due date for a loan, the change due date rules applied will not fire.

Overview

Change due date rules applied can be found at Settings > Loan > Rules Applied > Change Due Date.

You have three options for each existing rule application.  They are represented by icons as follows:

  •   subscriptions Enroll All Loans – When clicked, all loans will be enrolled for this rule.
  •   edit Edit – Clicking this will let you edit the rule application.
  •   delete Delete – This will delete the rule application.
You can add a new rule application by clicking  .

You have the following options:

  • Due Date to Modify – This is the due date that will be changed by the rule. The options are:
    • Next Due Date – The next date a payment will come due on the loan.
    • Subsequent Due Date – The next payment to come due after the next due date.
  • Base Date To Evaluate Changes – This is the date you are basing the change on, in the “Modify Base Date By” you will choose how far forward to move the “Due Date to Modify”, but in this drop-down you can choose the date the move forward will be based on. The options are:
    • Current Date – The current date
    • Last Payment Date – The last date on which a payment was made.
    • Next Due Date – The next date a payment will come due on the loan.
    • Subsequent Due Date – The next payment to come due after the next due date.
  • Modify Base Date by – This is how far the original date should be moved forward from the base date. The options are:
    • + 1 year
    • + 6 months
    • + 3 months
    • + 1 month
    • + .5 months
    • + days – If you choose this option, you can enter the number of days in the “Days from next due date” field.


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