The Qualified Minor Change application searches for accounts (in a product specified by the financial institution) that have been opened (based on the contract date) a number of days (based on a runtime parameter), less than a number of years (based on a runtime parameter). For example, if five (5) years is used with 30 days, an account will be processed 30 days before the account is five (5) years old. At that time, a notice will be created, and the product will be scheduled for a minor change.
This application evaluates and inserts a future dated minor change based upon run time parameters on selected deposit accounts. The application produces a detailed report and also has the capability to produce a notice prior to the minor change.