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

Entry: User, checkbox

F/M: Yes

Mnemonic: MLSLCM

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

Check this box to stop late charges once the loan reaches the current maturity date, not at the original maturity date. This field is transferred from GOLDTrak PC.

If this is selected, 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 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 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.