Loan Analysis

Price: $14 | Upgrade: free | Copies sold: 100 - 999
Current version: 5.0 | Year released: 1998 | Year updated: 1998

Documentation:
  • on-line help

Description:
An efficient tool for calculating annual percentage rates and reimbursement adjustments as needed. In other words, the program is for auditing the accuracy of TIL calculations.

The program is intended to comport with the accuracy requirements of Regulation Z (12 CFR 226). Calculations are based on the actuarial method as contained in Appendix J and the formulas contained in Appendix D to the regulation.

The program is designed to calculate the following:

• Annual percentage rate
• Finance charge
• Total of payments
• Finance charge reimbursement
• APR reimbursement
• Lump sum method
• Lump sum/payment reduction method
• Adjustment as of the final payment date

The program also determines:

• whether loan is regular or irregular
• when disclosed APR is understated or overstated
• when disclosed finance charge is understated or overstated
• appropriate reimbursement tolerance, including allowances for the 10 percent "obvious error" rule
• Federal Reserve (Fed) Calendar measurements (including February 29)

Computer operating systems:
  • Windows Me/98/95 or earlier
  • Windows NT/2000/XP