This request allows you to cancel a Loan Modification.
General
A Loan Modification, like the name implies, is a change made to the settings of a loan. Loan Modifications are more than simple changes to a loan's terms, however. Here's what you need to know about modifications:
- Modifications are used for loans that have already been activated. Thus, modification requests will not work for loans that are inactivated.
- A loan modification is essentially a new loan that is placed on top of an old loan. The history and transactions from the old loan are present, but the terms of the new loan take precedence.
- Cancelling modifications are "soft deletes" in the database, meaning they aren't removed but instead marked as deleted within the table.
For an example on how Loan Modifications work within the UI, take a look at our Account Modification article.
Pay special attention to the endpoint of this request.
This request does not use OData, so it's not included in the endpoint like most other LMS requests.
Database
For information on Loan Modification database tables, see the following articles:
Try It Instructions
This request is a bit special; this is a POST request, but a payload isn't required since the header handles the cancellation.
In addition, our requests often provide sample payload information so that you can receive a 200 response from simply hitting the Try It button. This request is a bit different. Since this requests removes something, we won't provide sample information. But if you'd like to see an example of a successful response, click the response examples located under the Try It button.
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.