Reset Schedule Roll

This request allows you to reset the Schedule RollSchedule Roll - A customized payment schedule where payment periods, or groups of payment periods, can have different payment accounts and interest rates. settings on a loan.

General

A schedule roll allows lenders to change payment schedules in separate payment periods. For example, a lender may want to offer 5% interest on the first three periods of a loan, but then 15% for the remainder of the loan. Here's what you need to know about this request:

  • Schedule rolls can only be made on accounts that are not activatedactivated - Activating an account will cause the calculations on the loan to take into account actual dates and payment history. An account that hasn’t been activated exists in an abstract piece of time with no sense of past or future..
  • This request removes a schedule roll and resets a loan to its original loan terms.

For an example of how schedule roll templates work within the UI, take a look at our Roll Schedule Templates article.

Database

For information on schedule roll database tables, see the following articles:

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Try It Instructions

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However, if you would like to try this request with your own tenant account, make sure to change the headers to match your own authentication information.

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