Loan Terminations

Duration: 60 Min.


The processing of a loan in Relius Administration will end at some point. A loan is created with a defined term, and the regulations also have requirements and limits that the loan needs to stay within, in order for it and the plan to stay in compliance. The question becomes, when and how the whole thing ends. It might end as expected, or with an early payoff. Or maybe the loan will terminate when the participant does. Or the loan could default because payments have ceased. In any event, Relius can process each of these.

In this session, we will:

  • process expected loan payoffs including “last payments”
  • process early payoffs and calculate available balances for new loans
  • process a deemed distribution for a loan in default
  • post loan payoffs with a termination distribution

Event Details