| _Rate |
| Description |
| Used on Attribute Tag Type Suffixes: AcreageNumber, Count, Days, Months, Percent, PeriodNumber, Term, Units, Years, YearsOnJob |
| Type : CLOSING_MISMONumeric |
| Definition |
| The percentage that a borrower is required to pay for failure to make a regular installment within the period specified on the note. This is the amount specified by the late charge code and is used when the late charge is not a flat dollar. |
| Parents |
| \LOAN\_APPLICATION\LOAN_PRODUCT_DATA\LOAN_FEATURES\LATE_CHARGE
\LOAN\_APPLICATION\MI_DATA\MI_RENEWAL_PREMIUM |