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Added

Added new substatus to pause Interest and Fees

about 2 hours ago by Declan Callisto
Release Date

Feb 25, 2025

Products Affected

Financial Accounts and Loan Tape API

Impact

Added new substatus

Audience

Revolving Credit Customers

Action Required

None, this change is additive only


Overview

For customers using Lithic's Ledger for Revolving Credit, Lithic has added a new subtatus for Financial Accounts. The substatus is called INTEREST_AND_FEES_PAUSED.

This substatus will pause all Interest or Fees assessed by Lithic while running Loan Tapes, and can be used while a customer is in collections, or working out a repayment plan.

Details

  • This substatus is used under status = SUSPENDED
  • This substatus can be applied to a financial_account by using the Update Financial Account Status endpoint

Release Timeline

Available now: February 25, 2026.

User Impact

This change is additive only. Learn more about Statements and Loan Tape APIs via our API Reference

If you have any questions or concerns, please contact us via the HELP link in your Lithic Dashboard.

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