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

Mnemonic: LNIPRE

 

Use this field in the Calculation Codes field group to indicate a calculation method for the investor's portion of a loan prepayment penalty on the customer loan account.

 

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.

 

Possible selections in this field are as follows:

 

No Calculation to be Performed

2/3 of the Prepayment Penalty Amount Collected Multiplied by the Portion Sold

1/2 of the Prepayment Penalty Amount Collected Multiplied by the Portion Sold

100% of Prepayment Penalty

100% of the Prepayment Amount Collected Multiplied by the Portion Sold