Waive accrued interest

An interest waiver reduces interest the borrower otherwise owes. It is a non-cash financial action: no payment instrument is charged, no borrower payment is recorded, and principal does not change.

On screen. Waive Interest, in the Interest & fees column of the loan actions menu.

Choose the amount from current facts

Read the loan before acting: GET /v1/loans/{loanId}?associations=repaymentSchedule,transactions and the loan summary, which shows the overdue interest component. The command rejects any amount beyond eligible outstanding interest.

The waiver names the periods it satisfied

curl -X POST "$BASE/v1/loans/7204/transactions?command=waiveinterest" \
  -H "Authorization: Bearer $TOKEN" \
  -H "LendEasy-Tenant: demo-lender" \
  -H "LendEasy-Case: case_HBR_HARDSHIP_7" \
  -H "Content-Type: application/json" \
  -H "Idempotency-Key: hbr-waive-interest-2027-05-01" \
  -d '{
    "transactionDate": "2027-05-01",
    "transactionAmount": 30.71,
    "note": "Approved hardship concession.",
    "dateFormat": "yyyy-MM-dd",
    "locale": "en"
  }'

{
  "officeId": 1,
  "clientId": 412,
  "loanId": 7204,
  "resourceId": 30419,
  "changes": {
    "transactionDate": "2027-05-01",
    "transactionAmount": 30.71
  }
}

Re-read the loan afterward: the waiver transaction shows which accrual periods and schedule components the $30.71 satisfied, the remaining interest, and the schedule and payoff effects.

Eligibility and controls

• The loan is active and the transaction date is valid under backdating policy.
• A restriction or charged-off/terminated state does not block the action.
• The caller holds the waiver permission.
• The same interest component has not already been waived or reversed.

When maker-checker flags the command, a different user with the checker permission decides via GET /v1/makercheckers and POST /v1/makercheckers/{auditId}?command=approve|reject. Every execution writes a governance record readable at GET /v1/loans/7204/governance-records.

Accounting

Accounting debits the configured interest-waiver or concession account and credits interest receivable/income according to the product’s accounting method, with component allocation—never a generic balance reduction.

Waiver versus payment versus credit

There is no undo, only a new governed action

If a waiver was posted in error, the correction is a new governed action package agreed in the case—never a silent edit of the waiver transaction. The original customer communication and approval remain in evidence.