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 product lifecycles and other portfolio wide events.
Understanding Policies
- They represent conditional behaviors that result in true/false outcomes
- 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:
| Account | Line of Credit | Installment Loan | |
|---|---|---|---|
| Types of policies | - Payment pouring application strategies (if your program wants to pour across various financial products owned by a borrower) - Notifications - ... | - Credit limit management - Available credit calculation methods - Cycle behavior management - Draw rules and restrictions - ... | - Amortization schedules - Prepayment handling - Term modification rules - ... |
Policy Enforcement
Each policy exists at exactly one scope level - there are no overrides or duplications across levels. This clear separation ensures predictable behavior and makes it easier to understand how your lending product will operate.
Updated 3 months ago
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