helpLet me illustrate... - Support: sr #104427, Implement variable loan rate


You are not allowed to post comments on this tracker with your current authentication level.

sr #104427: Implement variable loan rate

Submitted by:  Greg Chicares <chicares>
Submitted on:  Thu 14 Jul 2005 11:57:13 AM UTC  
Category: CalculationsStatus: None
Priority: 1 - LaterSeverity: 1 - Wish
Assigned to: NoneOpen/Closed: Open

Thu 14 Jul 2005 11:57:13 AM UTC, original submission:

The difficult issue here is determining the VLR's effect on
guaranteed values. One answer is that the VLR is unbounded, so
guaranteed values cease to exist as soon as a loan is taken.
Another answer is that the VLR is limited by state usury laws,
in states that have usury laws and apply them to the VLR; that
would call for behavior that varies by state, and would lead
to the first answer in many states. Yet another approach: pick
the highest usury limit in any state, and deem that to limit
VLR in all states. Anyone who uses this feature would want to
get legal advice in any case.

Greg Chicares <chicares>
Project Administrator


No files currently attached


Depends on the following items: None found

Items that depend on this one: None found


CC list is empty


Do you think this task is very important?
If so, you can click here to add your encouragement to it.
This task has 0 encouragements so far.

Only logged-in users can vote.


Please enter the title of George Orwell's famous dystopian book (it's a date):



Follow 2 latest changes.

Date Changed By Updated Field Previous Value => Replaced By
Wed 27 Sep 2006 01:32:33 PM UTCchicaresPriority5 - Normal=>1 - Later
Thu 27 Apr 2006 07:55:42 PM UTCwboutinCategoryNone=>Calculations

Back to the top

Powered by Savane 3.1-cleanup1