1. For loans, when the principal and interest has been paid, but the late charge not paid – is it acceptable to say that the loan is delinquent?
a. My memory of my studies is that it is not.
b. Doesn’t this rule vary depending on the loan type (mortgage, commercial, open end, closed end, HELOCs, etc.)
2. For loans, when the principal was paid but the interest was not paid – is it acceptable to say that the loan is delinquent?
a. Same as b - does the answer vary depending on the loan type?

Bump

1. We do not report the customer as delinquent if the only past due is the late fee.
2. Yes; however we post interest before principal. If the full payment wasn't made we will report as delinquent.

Does the definition change based on loan type?