Net Charge-Off Rule Trigger

Introduction

The net charge-off rule trigger is designed to let you view and run manual evaluations on charge-off rules.

How To

You can create a rule application for charge-off by navigating to Settings > Loan > Rules Applied. Here, you can view, edit, and delete rules applied settings. To create a new charge-off rule, click 'Add'.

Next, add the details to your new rule applied setting. Make sure to select a name, an activity status, and which loans the rule will apply to.

Use the toggle switches to determine whether the rule application should be active for existing loans (Add To Existing Loans), and/or new loans (Add To New Loans). Then, choose whether the rule should be evaluated in real time (Evaluate In Real Time). This means that when transactions are logged on the loan account, the rule evaluation will run.

Next, add the action by clicking 'New Action' in the bottom right.

Choose which credit type, amount, and credit category it should fall in. Make sure that Charge Off section, displayed in the red box above, is toggled to "Yes" or it will not be applied as a charge-off. If you desire to, you can also choose if the rule will reset days and amount past due.

Next, you will need to add a rule. Rules tell the system to add the action to a loan when specific criteria is met. To add a rule, click "Empty" listed under the Rule section on the left.

Here, you can enter the rule into the field provided. If you'd like, you can use variables from the system to help create your rule like shown in the image above. You can validate the rule you entered by clicking "Validate this rule". This will check that your rule uses valid Clojure syntax. You will not be able to add invalid rules.

If you want to use a rule that has already been created, click "Load Existing Rule".

To add one of these rules, simply click "Insert".

Once you have entered in all of the required information for the rule, click "Save". Then, click "Save Changes" to complete your rules applied setting.

Inside a Loan

Your rules applied setting will now apply to account, and it can be viewed in settings and inside individual loan accounts.

The Rules Applied section of individual loan accounts displays the rules applied settings saved within your account. Here, you can set rules as inactive for the individual loan and for a rule evaluation.


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