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What is PERCENTAGE OF STANDARD PAYMENT in Daybreak LS and how is it calculated? (Doc ID 1605215.1)

Last updated on DECEMBER 03, 2019

Applies to:

Oracle Daybreak - Version 9.5 to 11.5 [Release 9 to 11]
Oracle Financial Services Lending and Leasing - Version 11.5.1 to 14.0 [Release 11 to 14]
Information in this document applies to any platform.
PERCENTAGE OF STANDARD PAYMENT charges a late fee based on the standard monthly payment, regardless of the current amount due.
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