Navigation:  Loan Screens > Account Information Screen Group > Reserves Screen Group > Reserve Analysis Screen > Options, Limits & Loan Fields tab > Analysis Limits field group > Surplus Limit

Entry: User, numeric

F/M: Yes

Mnemonic: ABSURP

Screen: Loans > Account Information > Reserves > Reserve Analysis > Options, Limits & Loan Fields tab

 

This field is the surplus limit amount on which refunds will be based. If a surplus is calculated on an account and the amount of that surplus is greater than or equal to the surplus limit, the entire surplus is refunded to the borrower. The surplus is calculated after the cushion. The default (set by RESPA) is $50.00.

 

Due to mathematical limitations, any surplus less than 12 cents will not appear on the statement.