Reverse Charges

Introduction

LMS keeps an audit trail of all transactions on loans, making it easy to both see what changes have been made and reverse them if necessary. Reversing a charge is just a matter of a few clicks.

Reversing a Charge

To reverse a charge, navigate to Servicing > Charges inside of the loan.

To reverse an active charge, click blue back arrow. This will bring up a window asking for a comment.

Enter any information relevant to the charge reversal in the Reversal Comment box and then select 'Reverse Charge'. Once reversed, it will now appear with a red background, distinguishing it from active charges.

You can click on the title of the charge to expand additional information.

What's Next

Here are some other articles that might interest you:


How did we do?


Powered by HelpDocs (opens in a new tab)