Loan Documents (LOANS and LOANM)

Purpose

The Loan Setup (LOANS) document allows the creation of Loan Authorizations, Loan Applications, and Loans. The LOANS document cannot be modified or cancelled once it is submitted; instead, a LOANM document must be created.

The Loan Modification (LOANM) document allows the modification of a Loan Authorization, Loan Application, or Loan while also allowing for the creation of new Loan Applications or new Loans.  Loan Authorizations can only be created with a LOANS document. The LOANM cannot be modified or cancelled once it is submitted.  Another LOANM document must be created if a mistake was made on the first LOANM.

Structure

The LOANS document contains most of the same fields that are shared between all DEBT documents.  Refer to the "DEBT Setup & Modification Document Common Layouts and Fields" section for screen shots and field definitions.  Any differences that are specific to the LOANS document are listed below by section.  If a section does not contain any differences, then the section name link takes you directly to the shared section under "DEBT Setup & Modification Document Common Layouts and Fields".  Please refer to page help and field help for more information.

• Header

• Authorization

• Authorization COA

• Authorization Alerts

• Debt Instrument

• Lender Information

• Lender COA

• Borrower Information

• Borrower COA

• Schedule

• Schedule Details

• Debt Costs

• Debt Instrument Alerts

Tasks

We should list any tasks that we create under Common Business Tasks here.