Difference between revisions of "FM SFLP.Current Interest Rate"

From Open Risk Manual
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* Data Type: NUMERIC
 
* Data Type: NUMERIC
 
* Data Maximum Length: 9(2).999
 
* Data Maximum Length: 9(2).999
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== See Also ==
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* [[FM SFLP.Original Interest Rate]]
  
 
== Disclaimer ==
 
== Disclaimer ==

Revision as of 17:14, 16 May 2024

Definition

Current Interest Rate is the rate of interest in effect for the periodic installment due for the Mortgage Loan.

Notes

  • For a mortgage loan that has been modified, this value will be updated to reflect the modified terms, if applicable.
  • The field belongs to the FM SFLP Template

Field Characteristics

  • FM SFLP Field Index: 9
  • Column Label: CURR_RATE
  • Data Type: NUMERIC
  • Data Maximum Length: 9(2).999

See Also

Disclaimer

This information is provided as is. Refer to the FM SFLP Template for pointers to definitive instructions about hte SFLP data templates