--- title: "Reject Loan" method: PATCH path: "/organizations/{organizationId}/loans/{rejectLoanId}" tags: ["lending"] --- # Reject Loan `PATCH /organizations/{organizationId}/loans/{rejectLoanId}` ## Request - Base URL: `https://api.copper.co/platform` - URL: `https://api.copper.co/platform/organizations/{organizationId}/loans/{rejectLoanId}` - Auth: none declared - TypeScript: (a function with typed inputs; its response is checked against the schema) Reject a loan. This action can only be carried out by the lender if a loan is in awaiting-approval state. ## Path parameters - `organizationId` string, required - `rejectLoanId` string, required ## Headers - `Content-Type` string ## Response `200` OK - Loan - `amount` string, required: The amount of the loan - `borrowerCounterpartyId` string, required: The counterparty ID of the borrower - `borrowerOrganizationId` string, required: The organization ID of the borrower. Obfuscated for lender - `borrowerPortfolioId` string: The ID of the account which is to be the destination of disbursed funds. Obfuscated for lender - `createdAt` string: Timestamp in epoch milliseconds of the loan creation - `createdBy` string, required: The ID of the user that created the loan - `currency` string, required: Currency code of the asset being lent - `debtRatio` string: The LTV of the loan - `debtRatioStatus` string - `debtRatioUpdatedAt` string: Timestamp in epoch milliseconds when the LTV was last updated - `defaultReason` string: The reason for the loan default - `embedded` LoanEmbedded - `childLoans` Loan[]: The list of child loans - Only applicable for agency lending parent loans - `collaterals` Collateral[]: The list of collaterals allocated to their respective loans - `amount` string, required: The amount of the transferred collateral - `collateralId` string, required: Unique identifier of the collateral - `createdAt` string, required: Timestamp in epoch milliseconds of the collateral creation - `currency` string, required: Currency code of the asset being used for collateral - `loanId` string, required: The ID of the loan - `mainCurrency` string, required: Currency code of the network being used to transfer the collateral - `portfolioId` string: The account where the collateral is being held - `unrealisedAmount` string: The amount of pending collateral funds. Can be positive or negative - `updatedAt` string: Timestamp in epoch milliseconds of the last collateral update - `counterparties` Counterparty[]: The list of counterparties - `backgroundImageId` string: Background image id - `counterpartyDescription` string: Counterparty description - `counterpartyId` string, required: Counterparty ID - `counterpartyName` string, required: Counterparty name - `counterpartyType` 'standard' | 'clearloop-exchange' | 'agency-desk', required - `extra` CounterpartyExtra - `exchangeId` string: Counterparty exchange id - `imageId` string: Image id - `networkTag` string, required: Counterparty network handle - `priority` string: Counterparty priority indicator. The higher the value, the higher the priority - `tags` CounterpartyTag[]: Counterparty tags. [See details](/enums/CounterpartyTag) - `loanAllocations` LoanAllocation[]: The list of transactions allocated to their respective loans - `allocationType` 'disburse' | 'top-up' | 'repay' | 'rebalance' | 'secure-collateral' | 'release-collateral' | 'disburse-externally' | 'top-up-externally' | 'repay-externally', required - `amount` string, required: The amount of the loan allocation - `counterpartyOrderId` string: The underlying deposit id - `createdAt` string, required: Timestamp in epoch milliseconds of the allocation creation - `createdBy` string: The ID of the user whose action resulted in the creation of the allocation - `currency` string, required: Currency code of the asset being used for collateral - `externalFailureDescription` string: The failure description of an allocation. Only populated when status is "failed" and the failure reason is known - `extra` LoanAllocationExtra, required - `acceptedAt` string: Timestamp in epoch milliseconds of the allocation acceptance - `acceptedBy` string: The ID of the user that accepted the allocation - `cancelledAt` string: Timestamp in epoch milliseconds of the allocation cancellation - `cancelledBy` string: The ID of the user that cancelled the allocation - `confirmedAt` string: Timestamp in epoch milliseconds of the allocation confirmation. Only applicable for off-platform loans - `confirmedBy` string: The ID of the user that confirmed the allocation. Only applicable for off-platform loans - `effectiveDate` string: Timestamp in epoch milliseconds of the effective date of external action. Only applicable for off-platform loans - `fromPortfolioId` string: The account that funds are transferred out of. Obfuscated depending on allocation type and requestor - `loanAllocationId` string, required: Unique identifier of the loan allocation - `loanId` string, required: The ID of the loan - `mainCurrency` string, required: Currency code of the network being used to transfer the collateral - `orderId` string: The underlying withdrawal id - `requestorCounterpartyId` string: The ID of the counterparty whose action resulted in the creation of the allocation - `status` 'new' | 'awaiting-acceptance' | 'accepted' | 'cancelled' | 'order-created' | 'awaiting-confirmation' | 'confirmed' | 'awaiting-funds' | 'awaiting-signature' | 'completed' | 'failed', required - `terminatedAt` string: Timestamp in epoch milliseconds of the allocation termination - `toPortfolioId` string: The account that funds are transferred to. Obfuscated depending on allocation type and requestor - `updatedAt` string: Timestamp in epoch milliseconds of the last allocation update - `loanInterest` LoanInterest - `accruedInterest` string, required: The interest amount accrued since the last interest payment or since the inception of loan - `createdAt` string, required: Timestamp in epoch milliseconds of the loan interest creation - `interestCurrency` string, required: The currency of the interest payment - `lastPaymentAt` string: Timestamp in epoch milliseconds of the last loan interest payment - `loanId` string, required: The ID of the loan - `loanInterestId` string, required: Unique identifier of the loan interest - `realisedInterest` string: The total interest amount paid by the borrower since the inception of loan - `unrealisedInterest` string: The amount of pending interest payment - `updatedAt` string: Timestamp in epoch milliseconds of the loan interest update - `loanModifications` LoanModification[]: The list of modifications to their respective loans - `createdAt` string, required: Timestamp in epoch milliseconds of the allocation creation - `createdBy` string: The ID of the user whose action resulted in the creation of the allocation - `extra` LoanModificationExtra, required - `acceptedAt` string: Timestamp in epoch milliseconds of the modification acceptance - `acceptedBy` string: The ID of the user that accepted the modification - `cancelledAt` string: Timestamp in epoch milliseconds of the modification cancellation - `cancelledBy` string: The ID of the user that cancelled the modification - `currentInterestRate` string: The current interest rate of the loan in basis points (BPS) - `currentMaturityDate` string: The current maturity date as timestamp in epoch milliseconds - `newInterestRate` string: The new interest rate for the loan in basis points (BPS) - `newMaturityDate` string: The new maturity date as timestamp in epoch milliseconds - `loanId` string, required: The ID of the loan - `loanModificationId` string, required: Unique identifier of the loan modification - `modificationType` 'rerate' | 'extend-term', required - `requestorCounterpartyId` string: The ID of the counterparty whose action resulted in the creation of the modification - `status` 'awaiting-acceptance' | 'accepted' | 'cancelled', required - `updatedAt` string: Timestamp in epoch milliseconds of the last modification update - `marginCall` MarginCall - `externalId` string, required: Unique identifier for externally originated loans, must be unique - `extra` LoanExtra - `acceptedAt` string: Timestamp in epoch milliseconds of the loan acceptance - `acceptedBy` string: The ID of the user that accepted the loan - `approvedAt` string: Timestamp in epoch milliseconds of the loan approval - `approvedBy` string: The ID of the user that approved the loan - `cancelledAt` string: Timestamp in epoch milliseconds of the loan cancellation - `cancelledBy` string: The ID of the user that cancelled the loan - `defaultThreshold` string: The LTV threshold at which the loan is in default - `defaultedAt` string: Timestamp in epoch milliseconds of the loan default - `defaultedBy` string: The ID of the user that defaulted the loan - `disbursedAt` string: Timestamp in epoch milliseconds of the loan disbursal - `externalDisbursal` boolean: Boolean representing if the loan funds are disbursed and managed off-platform - `externalInterestPayment` boolean: Boolean representing if interest payments are managed off-platform - `initialLtv` string: The LTV based off the initial collateral requirement - `initiallyRequiredCollateralUsd` string: The value of the initially required collateral denominated in US Dollars - `lenderFeeShare` string: Portion of interest fees allocated to the principal lender, expressed in basis points - `lenderFeeSharePercentage` string: Portion of interest fees allocated to the principal lender, expressed as a percentage - `marginCallExpiryPeriod` string: Duration of the margin call expiry period in hours, doesn't apply to ClearLoop loans - `marginCallThreshold` string: The LTV threshold at which the loan is in margin call - `rebalanceThreshold` string: The LTV threshold at which the borrower can request a rebalance - `rejectedAt` string: Timestamp in epoch milliseconds of the loan rejection - `rejectedBy` string: The ID of the user that rejected the loan - `repaidAt` string: Timestamp in epoch milliseconds of the loan repayment - `repaidBy` string: The ID of the user that repaid the loan - `requiredCollaterals` RequiredCollateral[]: The amount of the collateral required. Currently only a single collateral currency is supported - `amount` string, required: The amount of the collateral required - `amountInUsd` string: The value of the collateral denominated in US Dollars - `currency` string, required: Currency code of the asset being used for collateral - `mainCurrency` string, required: Currency code of the network being used to transfer the collateral - `interestRate` string: The interest rate for the loan in basis points (BPS) - `lenderCounterpartyId` string, required: The counterparty ID of the lender - `lenderOrganizationId` string, required: The organization ID of the lender. Obfuscated for borrower - `lenderPortfolioId` string: The ID of the account which is to be used for disbursing the loan to the borrower. Obfuscated for borrower - `loanId` string, required: Unique identifier of the loan - `loanType` 'agency-lending-parent-loan' | 'agency-inventory' | 'agency-lending-collateralised-child-loan' | 'agency-title-transfer-collateralised-loan' | 'agency-lending-uncollateralised-child-loan' | 'agency-uncollateralised-loan' | 'agency-lending-first-lien-child-loan' | 'agency-clearloop-loan' | 'agency-lending-pledge-collateralised-child-loan' | 'agency-pledge-collateralised-loan' | 'bilateral-lending-title-transfer-collateralised-loan' | 'bilateral-title-transfer-collateralised-loan' | 'bilateral-lending-pledge-collateralised-loan' | 'bilateral-pledge-collateralised-loan' | 'bilateral-lending-uncollateralised-loan' | 'bilateral-uncollateralised-loan', required - `mainCurrency` string, required: Currency code of the network being used to transfer the asset - `maturityDate` string: Timestamp in epoch milliseconds of the maturity date - `originalLoanAmount` string: The original amount of the loan at time of disbursal - `originalLoanValue` string: The original value of the loan at time of disbursal - `startDate` string: Timestamp in epoch milliseconds the loan is meant to be disbursed and activated - `status` 'awaiting-approval' | 'awaiting-acceptance' | 'awaiting-collateral' | 'awaiting-interest-payment' | 'disbursing' | 'active' | 'repaying' | 'defaulting' | 'partially-defaulting' | 'early-termination-in-progress' | 'early-termination-completed' | 'defaulted' | 'default-resolved' | 'cancelled' | 'rejected' | 'errored' | 'repaid' | 'repaying-interest' | 'interest-repaid' | 'securing-collateral' | 'collateral-secured' | 'releasing-collateral' | 'collateral-released' | 'closed', required - `terminatedAt` string: Timestamp in epoch milliseconds of the loan termination - `unrealisedAmount` string: The amount of pending loan funds; can be positive and negative - `updatedAt` string: Timestamp in epoch milliseconds of the most recent loan update ## Other responses - `400`: Bad Request - `403`: Forbidden - `409`: Conflict --- [API](https://skmtc.dev/copper-co/apis/copper-platform-api.md) - [All operations](https://skmtc.dev/copper-co/apis/copper-platform-api/llms.txt) - [OpenAPI document](https://skmtc.dev/copper-co/apis/copper-platform-api/revisions/44296120fc7d?raw)