How to Close a Loan Account

Owned by Laurie Wilmot (Unlicensed)
Last updated: Dec 08, 2014 by Dayna Harp (Unlicensed)

To close a loan account, the loan account's outstanding balance must be zero or within the specified tolerance amount.

 

On this page:

To close a loan account

To close a client or group loan account, select the client or group. Click the General tab.

  1. Click the loan account to be closed.
  2. Click More, Close on the action bar.
  3. Accept the date default for Closed on or pick a date in the past from the calendar pop-up
  4. Optionally, type a descriptive Note.
  5. Click Submit.

The loan account status will be changed to Closed (Rescheduled).


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