> ## Documentation Index
> Fetch the complete documentation index at: https://docs.finpace.tech/llms.txt
> Use this file to discover all available pages before exploring further.

# Lending servicing

> Drawdowns, repayments, restructures, forbearance, and servicing events.

# Lending servicing

## Servicing actions

The servicing domain supports:

* drawdown booking
* rollover
* rate reset
* repayment allocation
* fee assessment
* prepayment
* restructuring
* deferment
* forbearance
* write-off recommendation
* closure

## State model

Typical facility states:

* `approved`
* `available`
* `drawn`
* `in_repayment`
* `past_due`
* `restructured`
* `forborne`
* `written_off`
* `closed`

## Payment allocation

The allocation order is explicit.
Example:

1. past due fees
2. past due interest
3. past due principal
4. current fees
5. current interest
6. current principal

## Servicing control points

Certain actions require approval:

* restructure
* payment holiday
* rate concession
* covenant waiver
* early settlement with exception pricing
* write-off

## Customer interaction events

* payment due reminder
* missing information notice
* covenant breach notice
* maturity reminder
* rate reset notice
* forbearance acceptance