FM SFLP.Current Interest Rate
From Open Risk Manual
Revision as of 15:14, 17 January 2023 by Wiki admin (talk | contribs)
Definition
Current Interest Rate: The rate of interest in effect for the periodic installment due.
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
Disclaimer
This information is provided as is. Refer to the FM SFLP Template for pointers to definitive instructions about hte SFLP data templates
