MLA Applies check box not staying checked

10/04/2017

An issue has been identified, on variable rate transactions, where the MLA Applies check box selection on the Loan Definition page is not being retained. This issue does not occur for fixed rate transactions.

This occurs if the MLA Applies check box is selected after the transaction has already been created; (I.e. Parties, Collateral, Calculations are already complete).

Possible Workaround
  1. Select the Calculations page.
  2. Within the Rate Information area, make note of the Floor value.
  3. From the Floor Definition drop-down list, select None.
  4. Click Calculate to update the page.
  5. Select the Loan Definition page.
  6. Select the MLA applies check box.
  7. Select the Calculations page again.
  8. Within the Rate Information area, from the Floor Definition drop-down list, select Specific Value.
  9. Enter the desired Floor value.
  10. Click Calculate to update the page.

The MLA Applies check box will now remain selected in the transaction.