Accountarrearssettingsapiv1
the method used to calculate arrears for an account
Possible values: [DATE_OF_LAST_LATE_REPAYMENT, DATE_ACCOUNT_FIRST_WENT_TO_ARREARS]
the automatically generated encoded ID for this item
Description for monthlyToleranceDay in AccountArrearsSettingsApiV1
whether non-working days, such as holidays are included when calculating the number of days in arrears
Possible values: [EXCLUDED, INCLUDED]
Description for toleranceCalculationMethod in AccountArrearsSettingsApiV1
Possible values: [MONTHLY_ARREARS_TOLERANCE_DAY, ARREARS_TOLERANCE_PERIOD]
Used with the tolerancePercentageOfOutstandingPrincipal to set a minimum threshold that must be reached before an account will be set to 'in arrears'
This setting will cause an account to automatically go into arrears if the amount due exceeds a given percentage of the loan amount remaining. Only available for fixed and dynamic term loans.
the number of days a loan repayment can be late before the account will be automatically set to 'in arrears'.
{
"dateCalculationMethod": "DATE_OF_LAST_LATE_REPAYMENT",
"encodedKey": "string",
"monthlyToleranceDay": 0,
"nonWorkingDaysMethod": "EXCLUDED",
"toleranceCalculationMethod": "MONTHLY_ARREARS_TOLERANCE_DAY",
"toleranceFloorAmount": 0,
"tolerancePercentageOfOutstandingPrincipal": 0,
"tolerancePeriod": 0
}