To edit the Late Notices options:
- Click
Options located on the right top of the window. - Select Notices from the drop-down list located below Loan Servicing on left side of the panel.
- Click the Late tab.
- There are 4 possible late notices that may be sent to borrowers at different stages of delinquency:
TIP: You may enter a negative value to send one or more notices before the loan payment is due.
-
Send 1st notice ____ days after next due date/grace days. Check this box if you want to send the 1st notice and, in the box, notate the number of days after the next payment due date (or grace period has expired) to send the notice.- Send 2nd notice ____ days after next due date/grace days. Check this box if you want to send the 2nd notice and, in the box, notate the number of days after the next payment due date (or grace period has expired) to send the notice.
- Send 3rd notice ____ days after next due date/grace days. Check this box if you want to send the 3rd notice and, in the box, notate the number of days after the next payment due date (or grace period has expired) to send the notice.
- Send 4th notice ____ days after next due date/grace days. Check this box if you want to send the 4th notice and, in the box, notate the number of days after the next payment due date (or grace period has expired) to send the notice.
- If you checked to send any of the 4 notices above, select either next due date or grace days from the drop-down menu.
NOTE: If you select grace days, the delinquency starts after the loan's grace period. For example: if you select 10 days and next due date for a loan due on the 1st of the month, the notice will be sent on the 11th of the month.
- Under the Microsoft Word Template section, click
Download to download the notice for customization in Microsoft Word, using the Word add-in. To learn more about editing notices, refer to How to edit notices. - Click
OK to save the changes made or click 
Cancel to exit without saving.