Appendix A - Merge Field Descriptions (Loans) > Event 26, Loan Maturity Event Letter

This letter will be generated on the maturity date.

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.

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.