Delinquent Management Holds
Overview
This application assigns management holds to deposit accounts where an individual has a specific role relationship and one or more of their loan accounts has been delinquent beyond a specified number of days. When the loan is no longer delinquent, the application releases the hold from the deposit account(s). Runtime parameters define which accounts are eligible for processing based on product type, related account roles and minimum number of days delinquent. In case of partial payments, the application will release the existing hold amount and apply the new hold equal to the amount that is due.
Benefits
This application can help with collections recovery efforts by holding deposit funds in related accounts for customers with delinquent loans.
App Information
- Version
- 1.1.1.4 - Published March 2023
Support
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DNAapp Type: Batch Application
Developed with DNAcreator™
Technical Name - PS_DELQLN_MGMTHOLD.SQT
DNAX File Name: ps_delqln_mgmthold.dnax