Take-Back Balance

The Take-Back Balance DNAapp allows the Financial Institution to provide the ability to take an advance on the loan account where the principal has been paid down. It allows the borrower to advance against the principal payments and principal reductions they have applied to their loan account.

This application is only for consumer loan accounts where the tax owner of the account is a person.

Benefits

• Ability to take an advance on a loan account where the principal has been paid down.
• Displays Total Take-Back Balance and Available Take-Back Balance.
• Utilizes standard DNA authorizations practices and activity tracking (where applicable).
• Application exception messages are provided to help the user identify any missing information, successful processing, or failed processing.

Note : This application requires that the Financial Institution have an agreement with Kasasa for their Take-Back Balance program.