# Criteria Page

The Criteria page allows you to associate a variety of specific criteria to a transaction, including Loan Criteria, General Information and Organization and Policy information.

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## Features of the Criteria Page

Feature | Description
--- | ---
Loan Criteria
Type of Loan |
Loan Purpose |
Construction Type |
Secured |
Multiple Advance |
Two Phase |
Federal Preemption Applies |
Letter of Credit |
General Information
This is an Amended and Restated Note |
Annual Facility Fee | This is a fee payable annual in arrears. If the organization desires it can also charge a fee for the first year at the closing. Commercial lending uses a fee payable in arrears as it works better in the event the Note is a Demand Note to be clear that the fee does not mean that the organization has extended any commitment to continue the loan for an additional annual period. If this option is selected, the following language is added to the Note: `In addition to all other amounts due and payable respecting this Note, the Borrower promises to pay to the organization on each anniversary date of this Note, in arrears, a non-refundable annual facility fee equal to an amount.`
Annual Credit Review Fee | This is a fee where the organization charges the Borrower a fee to reimburse the organization for the effort required to review the Borrower’s credit worthiness each year. There is an open-end text field available in Document Data providing the organization with substantial control over the text to appear in this paragraph. Upon selecting this option, the following language appears in the Note without a demand feature: `The Borrower shall pay to organization, on or before each anniversary date of this Note, a non-refundable credit review fee in an amount of [Annual Credit Review description]. The Borrower acknowledges and understands that (a) this Annual Credit Review Fee will be assessed each year, for as long as the credit facility evidenced by this Note remains open, regardless of whether any advances have been made hereunder or any principal balance is then outstanding, and (b) payment of the Annual Credit Review Fee does not entitle the Borrower to any assurances that such credit facility will remain open, nor does it alter or compromise the discretionary nature of this credit facility.`
Organization & Policy

- Advance Types
  Various types of advances are available for Commercial Lending.
- Florida Documentary Stamp Tax
  The option to select a Florida Documentary Stamp Tax is visible only if the Organization’s jurisdiction is in Florida, or a transaction has real estate collateral in Florida.
- Low Advance Amount Processing Fee
  The Low Advance Amount Processing Fee is a fee available for lines of credit and construction loans where the organization charges a fee for advances less than a specified amount.
- Policy Selection
  The policy selection is a list of available policies that have been defined within administration and are filtered based on the organization selected.
- Policy Updates
  When a change is made in administration to a policy, existing transactions are not automatically updated.
- Recalling Existing Transactions From Deleted Policies or Organizations
- Unused Line Fee
  The Unused Line Fee is a fee available for lines of credit where the organization charges a fee equal to the unused portion of the line multiplied by the “Unused Line Fee Percent.”
- Organization Type
  The Organization type selection when creating a new transaction is limited to a list of types supported by Commercial Lending.

Parent topic: Criteria Page Parent topic: Criteria Page