Voiding a Loan
NLS 5.11 and later
Active loans may be voided prior to any payments having been made on the loan. When a loan is voided, any checks associated with the loan is voided and all transactions/vouchers are reversed. The loan status is set to canceled and will not be reported to a credit bureau.
To void a loan, query the loan and click Void Loan. Once the loan is voided, the loan icon will indicate that the loan has been canceled.