Late Charge Maximum and Minimum Update

Late Charge Maximum and Minimum Update

You can run this update when changes regarding late charge amounts are made in a particular state and you have existing loans on properties in that state. Since these kinds of changes do not occur on a regular basis, it is not necessary to schedule this update.

This update searches loans in your database and updates the maximum and minimum late charges for loans where the existing maximum and minimum amounts are set to zero.

This update makes changes based on the values entered in the State and County table. You can run this update any time after you set up or modify the State Table. There is no instance criteria for this update.

Please see article for Setting up States and Regions for setting up maximum and minimum late charges

Environment:

Servicing Director

ArticleNumber:

000055112

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