Account Modification Tool definition
Account Modification Tool is a LoanPro tool to make Modifications to the terms of an Account after it is set up in the LoanPro system. This includes the ability to change the settings, frequency, balance, interest rate, and other setup terms of the Account. Only Account adjustments that use the Account Modification Tool will be considered Account modifications, as several Account adjustments can be performed with other tools, or combinations of tools.
Examples of Account Modification Tool in a sentence
If the number of Account modifications performed during the Billing Cycle using the Account Modification Tool is more than ten percent (10%) of the number found in subsection (a) for that Billing Cycle, then this value is calculated as the number of Account modifications performed during the Billing Cycle multiplied by ten (10); otherwise this value shall equal zero.