The OCC site has version 5.0 of the APRWIN APR calculation software available. Version 6 had been available. It was updated to meet the needs of a few isolated banks which had trouble installing 5.0. There were no content/calculation changes made.

Some bugs have been found in 6.0 which may make the resulting calculations unreliable. If 5.0 was working for you, you should consider going back to that version. If you are using 6.0, you should verify your results in another manner. I do not have the particulars on exactly what issues were found. If you can use only 6.0, you may want to contact the OCC.

Andy, I have version 5.0 of the APRWIN calculator loaded on my PC. I need to use the program to calculate some possible reimbursements. The reimbursement screen in the program is confusing. Do you know where I can get details as to how to read this screen. Thanks

You can probably email your question directly, scroll to the bottom of the page...
OCC APY

Call your regulator or the OCC and ask them for information/assistance. They'll be more than happy to assist and no, they don't have a pad next to the phone where they log who called and set your next exam date off that.

Saying you're confused by the software indicates that you've had very little experience with reimbursements. This is a high risk topic and you should consider engaging an experienced advisor to help you get through the project.

If you reimburse even one account, you will have to respond affirmatively to your regulator's next pre-exam questionnaire. That flags TIL for additional review, opening the door to even more trouble. It's good business to get a second opinion before volunteering for this painful treatment.

If you reimburse too much, you don't buy any greater protection and there's no way to get the money back from affected customers if you later discover your errors.

If you reimburse too little, you don't cure the violations and stop the civil liability under the TILA. In addition, your regulator will probably detect the underpayment and order you to reimburse more. Correcting a correction will surely damage your reputation in the eyes of affected customers.

Your greatest risk is that the underlying cause(s) of the disclosure errors are not identified and fully excised.

Has anyone confirmed version 6.0 could be inaccurate? I emailed the APRWIN email 2 weeks ago and have not heard anything back.

Yes. That is why they pulled it. It can have a problem counting days and that distorts the APR.

The 5.0 version is not calculating APRs correctly either. I have tried multiple times and have redownloaded the program numerous times with inaccurate results.

Perhaps you could give us all the relevant information about the disclosure you're testing so we can figure out what's wrong?

While you can always call the OCC for tech support, Jack H. is having a webinar on this program on Dec. 17. And it hasn't been added to the promotion yet but we should have an OCC regulator speaking with him. They'll discuss proper uses, input, output, common problems, etc...

This is a great time to get benefit of formal training and trouble-shooting. I would put this in the "an ounce of prevention" category so that when you need to use the tool, you aren't behind a learning curve.

I know this is an old thread, but can you please tell me if errors in APRWIN 6 have been corrected with version 6.1? Thank you.

To my knowledge 6.1 is accurate. When I find a TIL reimbursement I get at least one other user to verify the calculations on APRWIN 6.1. We get consistant calculations that agree as long as we can agree on the prepaids. ;-)