The Inward and Outward Loan Renew tools automate the process of loan renewal. Most of the details of a renewed loan record will be the same as in the original loan record, so Loan Renewal replicates the original record and maintains the old record in the file history. The renewed loan record looks very much the same as the original, except for the following:
othe start date of the new renewed loan record is the end date (+ 1 day) of the old loan
othe system updates the Renewal Information page of both loan records
othe status of the old loan record is changed to Renewed Loan Generated
othe status of the new loan record will be Renewed Loan.
Previous and onward loan details are available on the Other Details/Renewals tab.
