Rules Applied – Amount Past Due (APD) Reset

General

You can use rules applied to reset the amount past due on accounts.  This article will supplement the information found in  rules applied.

Note: The Amount Past Due rules applied will not fire if the amount past due on the account is not greater than $0.00.

Overview

APD rules applied can be found at Settings > Loan > Rules Applied > APD Reset.

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

  •   subscriptions Enroll – When clicked, this will enroll all of your accounts for an evaluation of this rule application.  Accounts that qualify will have their amount past due change in accordance with this rule application.
  •   edit Edit – Clicking this will let you edit the rule application.
  •   delete Delete – This will delete the rule application.
Click  to create a new rule application.

The following options are available when creating a rule application for APD Reset:

  • Type of Adjustment – You can choose to adjust the amount past due to either a fixed dollar amount or to a zero balance.
  • Days from rule applied date – This lets you specify how many days after the account qualifies under this rule that the amount past due will actually be reset.
  • Amount – This option is only available if you chose Fixed Dollar Amount from the Type of Adjustment drop-down.  This is the dollar amount that the amount past due will be adjusted to.
  • DPD Reset – You can choose to also reset the number of days the account is past due to 0 if this rule applies.

Using Delinquency Buckets In Rules

When using delinquency buckets in Amount & Days Past Due rules applied, customers want to do something like this:

If a certain percentage of the payment has been made, reset the amount and days past due to 0. The rule used to do this will look something like the following:

(<= (-> status-delinquent-bucket-balance :LARGEST-BUCKET :amount-due) (* (-> status-delinquent-bucket-balance :LARGEST-BUCKET :scheduled-payment) 0.1))

The delinquency bucket balance variable has a property called LARGEST-BUCKET. This will contain the information about the highest numbered bucket. This means that if the system has information for a loan on buckets 1, 2, and 3, bucket 3 will be identified as the largest bucket and it's information can be accessed using the LARGEST-BUCKET property.

The rule above will evaluate to true if the amount due in the largest bucket is less than or equal to 10% of the payment amount for that bucket. Remember, each bucket corresponds to a specific payment. The 0.1 can be easily changed in this rule to the decimal equivalent of any percentage of the payment. This rule can then be used to reset the amount and days past due.


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