Loan Screens > Account Information Screen Group > Account Detail Screen > Late/NSF tab > Late Charge Options field group > Stop Late Charge if Past Original Maturity?

Entry: User, checkbox

F/M: Yes

Mnemonic: LNLCPM

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

If this field displays a checkmark, the system will look for a date in the Maturity Date field and compare it to the date the late charge is being assessed. If the original Maturity Date plus Grace Days is prior to the date the late charge is being assessed, the system will not assess a late charge. If the original Maturity Date is equal to or in the future of the date the late charge is being assessed, the system will continue to assess late charges as usual.