Enter the code that corresponds to an entry in the charge pop-up list. The charge code generally consists of the first letter of each of the words that make up the charge description. The charge code enables defaulting of the charge description and indicates whether the charge should be included in the prepaid finance charge. Pressing the down arrow displays a list of current charges.
When you select a charge by clicking on it with your left mouse button, the charge is tagged and will change color. To unselect, click again on the charge you wish to remove. After selecting all charges, click [ OK ] and all charge codes will appear in the charge code column. If you forget a charge, simply press the down arrow, after locating the desired choice, press [ OK ]. The additional codes will be conveniently added at the bottom of the list.
In many cases, DSI has assumed that charges that may be considered part of the Section 32 analysis should be considered. Sometimes this is not the case. Our assumptions result in a conservative computation in that 100% of the time a transaction is subject to Section 32, we will detect and properly indicate by the use of the required disclosures. However, this conservative approach may also trigger the use of the required disclosures in certain cases where the transaction is not subject to Section 32. It is a wise idea to closely scrutinize all charges in an attempt to more precisely compute the Section 32 analysis. As indicated above, all assumptions can be changed to meet your requirements.