Navigation:  Loans > Loan Screens > Investor Reporting Screen Group > Loan Investor Fields Screen > Investor Loan Basics tab > Calculation Codes field group > Late Charge

Mnemonic: LNILCL

 

Use this field in the Calculation Codes field group to indicate the calculation method for the investor's portion of late charges for the customer loan account.

 

The late charge calculation method on this screen must match the Late Charge field on the Loans > Investor Reporting > Loan Investor Fields screen.

 

Possible selections in this field are No Calculation to be Performed, Late Charge Collected x Portion Sold, and 1/2 Late Charge Collected x Portion Sold.

 

This information is copied from from the Investor Calculations tab on the Investor Group screen (if valid information is entered in the Investor fields). The value entered in this field group overrides any value entered in the Investor Calculations tab on the Investor Group screen for the customer loan.