Every loan contract can have different limits on interest rate change as indicated below:

• Allowed amount for each minimum and maximum interest rate change
• Number of minimum and maximum interest rate changes allowed within a year and life of the account

OFSLL supports such Adjustable-Rate Mortgages (ARM) by defining them accordingly in the Rate Adjustment tab of Product setup screen.

In the Rate Adjustment tab (Setup > Products screen > Rate Adjustment tab), multiple records can be created depending on the limits defined for each ARM's.

For example:

• For a particular ARM if interest rate change is allowed only once in a year, then a corresponding record in Rate Adjustments tab can created with following field details:
  • Adjustment Frequency 'RATE CHANGE OCCURS EVERY X YEARS', Period '1', and # of Adjustment '1'.
• For a particular ARM if interest rate change is allowed only once in 5 years during life of a loan, then a corresponding record in Rate Adjustments tab can created with following field details:
  • Adjustment Frequency 'RATE CHANGE OCCURS EVERY X YEARS', Period '5', and # of Adjustment '1'.
• Similarly, for an ARM if desired number of interest rate changes are to be allowed during first 10 years of a loan, the record in Rate Adjustments tab can have the following field details:
  • Adjustment Frequency 'RATE CHANGE OCCURS EVERY X YEARS', Period '10', and # of Adjustment 'any value upto 999'.