put https://loanpro.simnang.com/api/public/api/1/odata.svc/LineOfCredits()
This request creates a bucket transfer on a line of credit account.
Click here to learn more about this request
On a line of credit account, a borrower's balance is divided between several buckets which each have their own credit limit and interest rate. However, it is possible transfer the balance of one bucket to another:
- The
LineOfCreditBucketTransferTransactionsobject holds bucket transfer information, and it's nested within theLineOfCreditsentity. - Bucket transfers require a "from" bucket and a "to" bucket. Both buckets must be currently active on the account.
- Balance transfers can also be edited and reversed. To do so, include the ID of the balance transfer and the
"__update": trueparameter in the payload. See the payload samples below for examples.
For an example of how bucket transfers work in the UI, take a look at our Line of Credit – Log a Bucket Transfer article.
Database
For information regarding line of credit charge database tables, see the following articles:
- Database – Line of Credit Bucket Transfers (line_of_credit_bucket_transfer_entity)
- Database – Line of Credit Setup Bucket (line_of_credit_setup_bucket_entity)
- Database – Line of Credit Account (line_of_credit_entity)
{
"LineOfCreditBucketTransferTransactions": {
"results": [
{
"status": "lineOfCredit.transactionStatus.active",
"description": "Bucket Transfer 1",
"amount": 57.39,
"fromBucket": 1,
"toBucket": 2,
"applyDate": "2023-09-19"
}
]
}
}
{
"LineOfCreditBucketTransferTransactions": {
"results": [
{
"__id": 232,
"__update": true,
"status": "lineOfCredit.transactionStatus.active",
"description": "Bucket Transfer 1",
"amount": 57.39,
"fromBucket": 1,
"toBucket": 2,
"applyDate": "2023-09-19"
}
]
}
}
{
"LineOfCreditBucketTransferTransactions": {
"results": [
{
"__id": 232,
"__update": true,
"status": "lineOfCredit.transactionStatus.reversed"
}
]
}
}