Encompass Mavent failure – Contract Rate cannot exceed 15% on a Fixed Rate First Lien Loan(1000168) FAIL

Under the Kansas Usury Law, the maximum interest rate cannot exceed 15% per annum. (Kan. Stat. Ann. 16-207(a))

Within the Bona Fide Discount Point Assessment tool, by going to ATR/QM Management > Qualifications tab > Points and Fees Section > click on Discount Points button [], clear out the value for Starting Adjustment Rate (field ID NEWHUD.X1720). Re-Run Mavent.

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