ABC Bank makes a loan and collects 15 days odd days interest at closing. That amount, which is the only PPFC, is deducted from the loan amount to determine the amount financed for the TIL disclosure, and is also added to the finance charge for TIL disclosure purposes.
When checking the TIL disclosure calcs via APRWIN, the bank would enter the amount financed (in this case, the loan amount minus the 15 days of odd days interest), disclosed finance charge, and disclosed APR. But when it comes to entering the payment stream (let's say the customer is paying 360 equal monthly payments, with the first payment being due 45 days from the date of closing), would the bank enter 1 Whole Unit Period and 0 Odd Days, or 1 Whole Unit Period and 15 Odd days in the applicable fields?