The status of an installment changes from Normal to Past Due Obligation. A bank wants to levy a charge of $5 USD on it.
Posted: Sun Jun 11, 2023 3:58 pm
The status of an installment changes from Normal to Past Due Obligation. A bank wants to levy a charge of $5 USD on it. How can the charge be defined and levied?(Choose the best answer)
A. Define the charge as a component at the Product Component Class level Default the component by mapping the Component Class to the Product and link the charge component at the Installment level status change.
B. Define the charge as a component at the Product Component Class level and link it at the Account level status change.
C. Define the charge as an UDE and link it at the Installment level status change
D. Define the charge as a component at the Product level and link it on the Loan Account Charges screen.
A. Define the charge as a component at the Product Component Class level Default the component by mapping the Component Class to the Product and link the charge component at the Installment level status change.
B. Define the charge as a component at the Product Component Class level and link it at the Account level status change.
C. Define the charge as an UDE and link it at the Installment level status change
D. Define the charge as a component at the Product level and link it on the Loan Account Charges screen.