Published: July 5, 2017
NLS has two fields that define the status of a loan. The first is Loan Status, which will always be assigned one of the following settings: Active, Closed, Draft, Canceled, or Restructured. The definitions of these settings cannot be modified. However, you may enter your own custom status codes in the Status Codes sub-category under Loan Setup to perform different functions to a loan. Learn how to set up Status Codes and how to configure this feature in NLS.
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