Option R Subsidy Case Study

Satisfactory Essays
Option R - Subsidy
To establish the loan as a subsidy Service Member’s Civil Relief Act loan, set the loan up as a buy down loan, then complete the Soldier/Sailor Civil Relief Act section of the CUSTOMER/STATUS/SCRA screen.
1. Go to the CUSTOMER/STATUS/SCRA screen. 2. In the General Information section, change mortgage account codes: a) In the Buydown Code field, enter ‘4’ to indicate that this loan is a Soldiers and Sailors loan.
b) In the b field, enter ‘4’ for a buy down loan.
c) In the Interest Method field, enter ‘4’.
3. In the Soldier/Sailor Civil Relief Act section, in the Option field, enter ‘R’ (re-amortization).
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