[ARCHIVE] originalLoanAmount Property clarification

Archived 2024-08-01. See CDS Guide, Guidance on the BankingLoanAccount schema

Question

In the BankingLoanAccount schema:

1. originalLoanAmount - As there are multiple types of loan products, what is considered to be the original loan value? The approved amount, draw down amount, or something else?

Answer

The originalLoanAmount field should contain the original approved amount.  The difference between that amount and the other balance fields (such as current and available balance) can be used to determine most other balance types.