Good afternoon.

On the OCC APRWin software...
When you receive a Finance Charge understatement violation, which button do you select to determine reimbursment tolerance- o%, 1/8 or 1/4?

I have read all the Help topics relating to this issue, but I am still not comfortable.

Thank you. I can be PM'd if this would be easier discuss person-to-person.

If you want to avoid civil liability choose 0%. Otherwise choose 1/8% for regular transactions and 1/4% for irregular transactions. See Reg. Z's 226.22.

Thank you. I had thought 0% was probably the most appropriate for the situation.