nCino Certified Commercial Banking Functional — Question 14

Which credit actions can be configured to only be done in certain stages and statuses by default?

Answer options

• A. Renewal
• B. Modification
• C. Change Product
• D. Delete Loan
• E. All of the above

Correct answer: D

Explanation

The correct answer is D, Delete Loan, as this action is typically restricted to certain stages and statuses to prevent inconsistencies in the loan management process. The other options, while they may have their own restrictions, are not universally limited to the same extent as deleting a loan.