MLA MAPR Actuarial Recompute

Recomputes a Military Lending Act MAPR for closed-end credit by the Regulation Z actuarial method, from caller-supplied cash flows and charges. 32 CFR 232.4(c)(2)(i) says the closed-end MAPR is calculated following Regulation Z's own rules for the annual percentage rate, based on the wider charge set in 232.4(c)(1), so this node solves the Appendix J actuarial equation rather than a single-period ratio: the odd-days fraction is priced at simple interest per Appendix J (b)(6), only whole unit-periods compound, and the annual figure is the unit-period rate multiplied by the unit-periods in a year per (b)(1). Each supplied charge is classified against 232.4(c)(1) and (d) with its own paragraph citation, and an includable charge collected at consummation reduces the amount advanced; a Regulation Z finance charge already carried by the payment schedule is echoed and never deducted twice. The result is compared against the 36 percent limit in 232.4(b), with that limit and the $100 participation-fee figure in 232.4(c)(2)(ii)(B) held as declared constants a caller cannot move. A rate is reported only when a sign-change bracket was established and narrowed. Verify-only: this node does not determine covered-borrower status, reads no external record, and does not assert that a real transaction meets the Military Lending Act.

Tool URL: https://ainumbers.co/chaingraph/art-616-mla-mapr-actuarial-recompute.html