Enhanced Late Charge Notice
Designed to produce a notice, at any given point in time at the request of a financial institution, to be sent to the borrower to inform them of their outstanding late charge balance due in a effort to collect the late charges as soon as possible.
Ability to generate a notice to sent to Borrowers notifying them of outstanding Late Charges, which fall outside the payment sequence, at any given point in time
Capability to exclude the application for a specific loan product or loan account, and product minors
Ability for the Financial Institution to designate which Late Charges, specific Charges and/or Recurring Fees to generate notices that will be sent
Ability to define the notices being sent to the Borrower by Major and Minor product types