ImpairedOptionsLoanProvisionSysKeyMinBalanceCalcRuleOLifEExtensionRateVariation| Description |
| Loan Provision |
| Type : Complex Element |
| Definition |
| Defines the actual loan processing which applies to a loan on a contract. Used to define the different types of loans that are available to a product, including but not limited to Preferred, Standard, 403(b) Home Loan, etc. If multiple LoanProvision objects are present, multiple types of loans are available. It is expected that one and only one LoanProvision is present for every allowable LoanType.Note that LoanProvision may be used together with ArrangementProduct and ArrangementOptProduct to further define processing, such as minimum and maximum loan amounts, age, plan types, as well as allowable billing options, associated fees, state restrictions, allowable source funds, allowable withholding, etc. Note that loan charge interest rates are modeled via LoanProvision>RateVariation, not via ArrangementProduct or FeatureProduct. All rules must be true on a loan request if minimum and maximum loan amount and/or balance amounts are modeled on both LoanProvision and [ArrangementProduct/ArrangementOptProduct or FeatureProduct/FeatureOptProduct]. |
| Parents |
| PolicyProduct |
| Elements | |||
| AdvancedInterestCalcRule | Advanced Interest Calculation Rule | ||
| AllowedMissedConsecRepayments | Allowed Missed Consecutive Repayments | ||
| AllowedMissedCumRepayments | Allowed Missed Cumulative Repayments | ||
| ArrOptProductCode | ArrangementOptProduct ProductCode | ||
| ArrProductCode | ArrangementProduct ProductCode | ||
| CarrierCode | Carrier Code | ||
| CreditIntAdjRate | Discount from specified rate | ||
| CreditIntAdjRateRule | Credit rate usage to determine interest credit amt | ||
| FeatureOptProductCode | FeatureOptProduct ProductCode | ||
| FeatureProductFeatureCode | FeatureProduct FeatureCode | ||
| FirstYearAvailable | Loan minimum availability start yr | ||
| ImpairedOptions | Impaired Options | ||
| InterestAdvancePriorDays | Prior Days to include In following years interest | ||
| InterestAllocationRule | Interest Allocation Rule | ||
| LoanCapBillingGracePeriod | Loan Cap Billing Grace Period | ||
| LoanIntCapitalizationFreq | Loan Interest Capitalization Frequency | ||
| LoanIntCapitalizationTiming | Loan Interest Capitalization Timing | ||
| LoanInterestBillingDays | Loan Interest Billing Days | ||
| LoanIntMethodCC | Loan Interest Method Choice Collection | ||
| LoanIntTiming | Loan Interest Timing | ||
| LoanIntType | Loan Interest Type | ||
| LoanProvisionKey | LoanProvision Key | ||
| LoanProvisionSysKey | LoanProvision System Key | ||
| LoanTiming | Loan Timing | ||
| LoanType | Type of Loan | ||
| MaxAvailableCalculation | Defines calc and reallocation of loaned funds | ||
| MaxAvailablePercent | Percent applied to total CV to calc max loan amt | ||
| MaxNumConcurrentLoans | Maximum Number of Concurrent Active Loans | ||
| MaxNumNewLoansPolYr | Maximum Number of New Loans per Policy Year | ||
| MinBalanceCalcRule | Minimum Balance Calculation Rule | ||
| MinRemainingBalanceAmt | Minimum remaining balance amount | ||
| MinSingleLoan | Minimum Single Loan Amount | ||
| OLifEExtension | OLifE Extension | ||
| ProductCode | Product Code | ||
| RateVariation | Rate Variation | ||
| TSALoanDefaultNotificationDays | TSA 403(b) Loan Notification Days | ||
| Attributes | |||
| DataRep | Data Representation | ||
| id | id | ||