Navigation:  Loan Screens > Account Information Screen Group > Account Detail Screen > Late/NSF tab > Late Charges field group > Percent Not To Pay

Entry: User, numeric

F/M: Yes

Mnemonic: MRGRCP

Screen: Loans > Account Information > Account Detail > Late/NSF tab

 

Use this field to indicate a percentage value. If this indicated percentage of the current payment due amount is paid, a late charge will not be assessed on the customer account.

 

For example, if your Institution does not add a late charge to the account when a borrower pays 80% or more of the current payment amount due, place the number 80 in this field. If the customer's payment is less than 80% of the payment due, the system will apply a late charge on the account.