Loans > Loan Screens > Loan Assumption Screen > Seller Information tab

This field group displays the seller's year-to-date amount of Late Charges Collected at loan assumption (LALLTC). If the loan has not yet been assumed by the buyer and a loan assumption record has been created, this field displays the current amount from the loan record.

The system will add the amount of late charges paid to be included with interest reported to the IRS if the Report Late Charges as Interest to IRS field is marked.