How do I set up a minimum finance charge/minimum interest charge?

1.      Select the Lending tab in administration.

2.      Select Fees in the left navigator.

3.      Double-click the appropriate fees policy.

4.      Select Post Origination Fees in the left navigator.

5.      Select one of the Minimum Finance Charge options under Fee Name.

6.      Enter the details for the fee in the Details section.

7.      Click the Finish button.

8.      Publish your changes. Refer to the How do I publish? topic for instructions on publishing.

Note

You can set up this charge for each fee category if applicable.