Delete a loan account

You can delete a loan account if the following criteria are met:

• No transactions except the loan origination transaction have been posted for the loan account (including interest posted when interest and statements are generated).
• Accounts Payable is not configured to enable reversal of unpaid bills.
• For the Accounts Payable bill, a payment was not received and then voided.

1. Go to Lending Management > All > Loan accounts.
2. Find the loan account that you want to delete.
3. Select More actions > Delete at the end of the row.
4. In the delete confirmation message, select Delete. If you decide not to delete the loan account, select Cancel.

   Deleting a loan account has the following effects:

   • The loan origination transaction is deleted in Lending Management and Accounts Payable.
   • No accrued interest is calculated or posted for the loan account.
   • No statement is generated for the loan account.