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2016-11-17 - Allowable and Default Tax Exemption Items in Commercial Loan Products

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We have added a new functionality in the Commercial Loan Products edit screen which permits administrators to set Allowable Tax Exemption Types and a Default Tax Exemption for each product. This will function similarly to the Allowable Interest Calculations and Default Interest Calculations. When a new Commercial Loan Product is created, the Fully Tax Exempt box will be unchecked and the Default Tax Exemption will be Not Tax Exempt.

 

 

Only the checked Allowable Tax Exemption Types will be displayed in the Tax Exemption Option drop-down menu in the Opportunity screen. 

 

 

The Allowable and Default Tax Exemption options can also be viewed in Assumptions.

 

 

 

For more information on configuring products in the Administration screen, visit Setting Up Commercial Loan Products.

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