Delinquent Loan Lockout

This application creates a Lockout Flag on past due loan accounts and removes the Lockout Flag when the account becomes current again.

Benefits

This application can improve your efficiency of processing loans by automating the process of locking out accounts that the institution considers delinquent. This application will place an institution-specified, account-level lockout flag on loan accounts that are past due. Once an account is paid current, this application will remove the lockout flag. The application will also report loan accounts that are delinquent.