User Guide: Main Features > Voiding a Loan
NLS Interface

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 are 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.

Updated: 2019.05.09

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