This request suspends or resume interest accrual on a loan.
Lenders suspend and resume interest on loans if they need to offer relief or would like to incentivize borrowers in some way. Note the following when using this request:
This request can either suspend or resume interest accrual on a loan. However, you cannot log two adjustments on the same day. If you try to log more than one adjustment for a single day, you'll receive a 409 response.
Selecting a date in the past will affect past calculations on the loan. For more information on this, take a look at the 'Past Due Warning' in our Suspend/Resume Interest help article.
For an example of how suspending and resuming interest works in the UI, take a look at our the Suspend/Resume Interest article we've linked above.
Database
For information on suspend/resume interest database tables, see the following articles:
Database – Loan Stop/Resume Interest Entity (loan_stop_interest_date_entity)
Database – Rule applied Stop Interest - Loan Relations (loan__rule_applied_stop_interest)
Database – Rules Applied Stop Interest (rule_applied_stop_interest_entity)
{
"StopInterestDates": {
"results": [
{
"type": "loan.stopInterestType.suspend",
"date": "2022-04-09"
}
]
}
}