Appendix A - Merge Field Descriptions (Loans) > Event 25, Prenotification of Loan Maturity

This letter can be generated any number of days before the maturity date. You must inform GOLDPoint Systems of the number of days prior to maturity the letters should be generated. The system defaults to 120 days.

Example Event 25 Letter

Merge Field

Field Mnemonic/ Calculation

Description

ROUND RATE E T Q

LNRRND

Round rate to the eighth, tenth, or quarter.

TOTAL DUE AT MATURITY

LETT01

Total amount due at maturity date. (Amortizes payments to maturity date. Also adds late charges, fees, subsidies, and negative interest, then subtracts reserve balance. Accrues interest to the maturity date.

Payment method 5 loans include the current and prior finance charges.

Note: When the payments are amortized, the system makes pseudo-payments so the principal balance used is the amortized balance instead of the current principal balance.

GOLDPoint Systems ONLY

MDYS	Set this option (days before maturity for event letter) to have the letters run a specified number of days before the maturity.