The payment deferrals experience has been enhanced to allow future dated payment deferrals. Deferring any future upcoming payments will create a deferral period for the loan, pushing any future due balances to maturity date.

• You can defer past-due, current, and future due dates to the maturity date through a single API request.
• Once any payment has been deferred, the amortization schedule in CanopyOS will update itself to communicate what amounts have been deferred, with their balances being reflected on the payment due date to which they had been deferred. An example of this is present below.

Click the link to our guide to learn more.

In the following example, the current (02/02) and future payment dates (03/02-05/02) have been deferred to the maturity date. Any due balances in the deferral period from 02/02-05/02 are now reflected as due in the maturity cycle.

Payment deferrals allow you to provide temporary payment relief for borrowers experiencing hardship while maintaining their repayment commitment. Here are a few options to start.

• You can defer either past-due and/or current obligations in the current installment period to the maturity date.
• Deferring the past-due obligations of a delinquent account will automatically mark that account as non-delinquent.
• After payments are deferred, the amortization schedule in CanopyOS will update itself to communicate what amounts have been deferred and to what date they were deferred to. The screenshots below illustrate this change.

Here is an example of a 6-month term loan where the borrower is able to make their first two payments, but suppose we learn they are unable to make their next payment on time.

Your risk team can then review their case and agree to grant the borrower more time to repay that obligation by shifting the due date of that amount to the maturity date.

Here is what the same schedule looks like after the deferral is executed.

Currently a Beta of Payment Deferrals is available through our API, and soon we will allow users to initiate these deferrals through CanopyOS as well.

Click the link to our guide to learn how to start using Payment Deferrals. The API documentation for scheduling a loan payment deferral can be found in the reference here.

During a recent review, we identified incorrect values in the Past Due report for the stabilization_payment and delinquent_as_of_date fields.

In line with the documentation and to ensure data accuracy, these fields will be updated and set to null. This change ensures consistency with the intended data structure and improves the reliability of the report moving forward.

Introducing the latest in Canopy's evolution of our best-in-class LMS platform, our Lines of Credit primitive.

Which now supports an even broader range of possibilities via advanced cycle management, dynamic payment structures, and real-time balance tracking. Whether you're launching credit cards, operational credit facilities, or innovative financing solutions, our system adapts to your specific needs with flexible cycle definitions, waterfall-based payment application, and multi-draw tracking capabilities.

The system handles everything from daily compounding interest and tiered APR structures to automated statement generation and credit limit adjustments based on borrower performance. This enhanced flexibility allows lenders to design competitive products that align with borrower cash flow patterns while maintaining precise control over risk management and operational efficiency across high-volume lending operations.

More information on API usage can be found here.