1. Loan Collection User Guide
  2. Appendix : Transaction Parameters
  3. Monetary Transactions
  4. Prepayment Penalty

A.1.22 Prepayment Penalty

A prepayment penalty is typically applied automatically by Oracle Financial Services Lending and Leasing if the account is paid off prematurely.

The following transactions allow you to adjust or waive the prepayment penalty fee. The adjustments will appears in the corresponding column of Customer Service screen’s Account Balances screen for FEE PREPAYMENT PENALTY Balance Type-- Waive, Adjusted (-), or Adjusted (+) -- depending on which of the following the transactions you perform.

Figure A-27 Prepayment Penalty


Description of Figure A-27 follows
Description of "Figure A-27 Prepayment Penalty"

Table A-41 To adjust a prepayment penalty

Transaction Parameters
Adjustment Prepayment Penalty - Add Txn Date Amount
Adjustment Prepayment Penalty - Subtract Txn Date Amount

Table A-42 To waive a prepayment penalty

Transaction Parameters
Waive Prepayment Penalty Txn Date Amount

Parent topic: Monetary Transactions