Let 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
Submitter: | Greg Chicares <chicares> | ||
Submitted: | Thu 14 Jul 2005 11:57:13 AM UTC | ||
Category: | Calculations | Status: | None |
Priority: | 1 - Later | Severity: | 1 - Wish |
Assigned to: | None | Open/Closed: | Open |
No files currently attached
Depends on the following items: None found
Items that depend on this one: None found
CC list is empty
There are 0 votes so far. Votes easily highlight which items people would like to see resolved in priority, independently of the priority of the item set by tracker managers.
Follow 2 latest changes.
Date | Changed by | Updated Field | Previous Value | => | Replaced by |
---|---|---|---|---|---|
2006-09-27 | chicares | Priority | 5 - Normal | 1 - Later | |
2006-04-27 | wboutin | Category | None | Calculations |
Powered by Savane 3.13-f8d8.
Corresponding source code
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.