This request allows you to edit the current collateral on a loan.
Click here to learn more about this request
Many lenders use collateral to secure their loans. Note the following when making this request:
The Collateral object is nested within the Loans entity.
Up to 50 items can be collateralized on a single loan. Loans can also have no collateral.
The system uses VIN information to check for duplicates. It is impossible to add a new collateralized item with a VIN that matches an existing one.
For an example of how collateral works within the UI, take a look at our Collateral and insurance tracking article.
Database
For information on collateral database tables, see the following articles:
Database – Collateral Entity (collateral_entity)
Database – Collateral Field Entity (collateral_field_entity)
{
"Collateral": {
"results": [
{
"a": "2017",
"b": "Suzuki",
"c": "VS750GLP",
"d": "Base",
"additional": "Informational text",
"collateralType": "collateral.type.car",
"vin": "JS1VR51A5H2151359",
"distance": "25000",
"bookValue": "2408.59",
"color": "White",
"gpsStatus": "collateral.gpsstatus.notinstalled",
"gpsCode": "NONE",
"licensePlate": "License Plate Number",
"gap": "1125.25",
"warranty": "1254",
"positionId": null,
"__update": true,
"__id": 853
}
]
}
}