We have some second lien down payment assistance loans which have a 0% interest rate. Last year we reported the interest rate on these as NA to cure Validity Error 677 which stated that the rate had to be greater than 0.00.
I heard that we are now supposed to report these as 0.00 this year and not as NA. I am trying to find something that actually tells me of this change. Has anyone heard or seen this also?