A configurable payment schedule 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. Note the following when resetting a configurable payment schedule:

Configurable payment schedules can only be made on accounts that are not activated.

This request removes a configurable payment schedule and resets a loan to its original loan terms.

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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.

For an example of how configurable payment schedules work within the UI, take a look at our Create a Configurable Payment Schedule article.

Database

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

Database – Loan Schedule Roll Entity (loan_schedule_roll_entity)

Database – Schedule Roll Template (schedule_roll_template_entity)