Update Loan Status

Use the Update Loan Status to set a loan to charge-off status. In the future, this supports scenarios like bankruptcy.

For optional parameters, do not pass an empty string or null value.

The table below lists status codes that apply to this specific endpoint.
See Global Response Statuses for status codes that are common across endpoints.

Status CodeCode Description
1205-01The loanId is invalid or does not exist
1205-02The subProductId is invalid or does not exist
1205-03This loan is closed. Transaction is not allowed.
1205-04The loan status reason code value is invalid
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