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Charges

Fees Paid By

General. Fees paid by is a selection that will let you choose how payments apply to fees on a loan. This selection is made in the Advanced Configuration section of Setup Terms. Date. If you select Da…

Updated 1 year ago by Sloan

Charges Overview

This article gives a general overview of how charges work and what options are available within the LMS.

Updated 1 month ago by Cole

Automatic Late Fees

This article explains how to set automatic late fees up and explains when a late fee will be charged.

Updated 2 months ago by Jackson Stone

Late Fee Enrollment

Introduction. In LoanPro, you have the ability to enroll loans for late fee assessment based on the loan status. For example, if a loan is repossessed or closed out in another way, you may not want l…

Updated 1 month ago by Kayla Todd

Log a Charge

Your company may add additional charges to customer accounts for any number of reasons.  This article goes over logging a charge on an account.  This article will not cover automatic late fees, recurring charges, or change due date charges.

Updated 2 months ago by Sloan

Using Convenience Fees

This article will go over how to configure your convenience fees in LMS.

Updated 2 months ago by Kayla Todd

Change Due Date Charge

This article explains how to set up a charge for change due date in LMS.

Updated 1 month ago by Jackson Stone

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…

Updated 2 months ago by Jackson Stone

Export Loan Charges

General. At times, you may want to export the charges on a loan so you can run further analysis of the numbers in Excel or easily show the customer the charges that have been assessed. While there ar…

Updated 1 year ago by Sloan

Recurring Charges

Introduction. Recurring charges let you set up automatic fees based on your own criteria. These charges are triggered by a loan event or a rule , so you can really customize them to do whatever you'd…

Updated 1 month ago by Jackson Stone

Charge Types

This article will go over how to customize the list of charge types.

Updated 1 month ago by Jackson Stone

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