Navigation: Appendix A - Merge Field Descriptions (Loans) >
Event 43 will generate a billing letter for charging interest on negative reserves. Must order letter manually.
Merge Field |
Field Mnemonic/ Calculation |
Description |
|---|---|---|
NEG R1 ACCRUED INTEREST |
NIR1AC |
Escrow accrued interest on negative reserve balance |
NEG R1 BALANCE |
NIR1BA |
Escrow balance |
NEG R1 DATE LAST ACCRUED |
NIR1DT |
Escrow date last accrued |
NEG R1 INTEREST PAID |
NIR1PD |
Escrow interest paid on negative reserve balance |
NEG R1 INTEREST RATE |
NIR1RT OR LNRATE OR LNAMRT |
Escrow interest rate
***If the Use This Interest Rate field is selected on the Loans > Account Information > Escrow/Reserve > Escrow & Reserve Detail screen, Interest on Negative Escrow/Reserve tab, the effective rate on the loan will be used. |
NEG R2 ACCRUED INTEREST |
NIR2AC |
Reserve accrued interest on negative Reserve balance |
NEG R2 BALANCE |
NIR2BA |
Reserve balance |
NEG R2 DATE LAST ACCRUED |
NIR2DT |
Reserve date last accrued |
NEG R2 INTEREST PAID |
NIR2PD |
Reserve interest paid |
NEG R2 INTEREST RATE |
NIR2RT OR LNRATE OR LNAMRT |
Reserve interest rate
***If the Use This Interest Rate field is selected on the Loans > Account Information > Escrow/Reserve > Escrow & Reserve Detail screen, Interest on Negative Escrow/Reserve tab, the effective rate on the loan will be used. |
NEG RSV YTD INT PAID LAST YEAR |
NIRYTD |
YTD escrow/reserve interest paid last year |
NEG RSV YTD INT PAID THIS YEAR |
NICYTD |
YTD escrow/reserve interest paid this year |
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