8.2.119.3 Data Verification Requirements and Suggested Defaults

  • If the record is fixed-rate, RATE_CAP_LIFE = 0.
  • If the record is adjustable without a rate cap, RATE_CAP_LIFE = 0.
  • If RATE_CAP_LIFE <> 0, CUR_GROSS_RATE and CUR_NET_RATE <= RATE_ CAP_LIFE.
  • If RATE_CAP_LIFE <> 0, RATE_CAP_LIFE = ORG_RATE + RATE_INCR_LIFE.