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Compute SCRA Rate Cap

Computes the SCRA 6% interest rate cap per 50 USC §3937 for pre-service loan obligations. Calculates covered months, excess interest, and forgiveness amount. Excess interest is always forgiven (not deferred) per 50 USC §3937(a)(2). Checks servicemember notification requirement. Flags SCRA_RATE_CAP_VIOLATION (original rate > 6%) and SCRA_NOTIFICATION_MISSING. Table: SCRA-50USC3937-2022.

Tool URL: https://ainumbers.co/chaingraph/art-232-compute-scra-rate-cap.html

post/v1/tools/compute_scra_rate_cap

Request

  • Base URL: https://ainumbers.co
  • URL: https://ainumbers.co/v1/tools/compute_scra_rate_cap
  • Auth: none declared

Request body

covered_monthsnumber
is_pre_service_obligationboolean required
loan_balancenumber
original_rate_pctnumber

Percentage value

servicemember_notifiedboolean required

Response

Successful tool execution result

capped_rate_pctinteger
covered_monthsinteger
effective_rate_pctinteger
exceeds_capboolean
excess_forgivenboolean
excess_rate_pctinteger
interest_delta_forgiveninteger
is_pre_service_obligationboolean
loan_balanceinteger
original_rate_pctinteger
pii_notestring
regulatory_basisstring
retroactive_creditinteger
scra_notestring
servicemember_notifiedboolean
table_sourcestring
table_versionstring
total_interest_at_capinteger
total_interest_at_original_rateinteger

Changes

No recorded changes to this operation across all 1 revision of this API.