10.2.6 Amortization after a Value Dated Amendment

You can make a value dated amendment in the interest rate for a loan with amortized schedules. The change can be with a value date of today, or a date in the future. Back dated changes cannot be made on a loan with amortized schedules.

If the change affects the schedule, the schedules are amortized again with the changed terms.

Note:

Only the Principal and Interest schedules are redefined. The Fee schedules are not redefined.