Policies

A Policy in Canopy represents a specific behavior or rule that determines how your lending product operates. Policies define the conditional logic and strategic choices that shape how your lending program behaves throughout the product lifecycle and other portfolio wide events.

Understanding Policies

1. They represent conditional behaviors that result in true/false outcomes
2. They offer a predetermined set of options rather than accepting arbitrary values

Policy Levels

Policies in Canopy are clearly scoped to specific entity levels to ensure clear, predictable behavior. The Entity levels they affect are:

• Accounts
• Lines of Credit
• Installment Loans
• Advances
• Transactions

Policy Enforcement

Each policy exists at exactly one scope level - there are no overrides or duplication across levels. This clear separation ensures predictable behavior and makes it easier to understand how your lending product will operate.

How are policies applied?

A single policy is no loan program and so policies must be grouped together and applied during loan origination. This grouping of policies in Canopy is referred to as templates.