New Calculation Endpoint for TILA Compliance

Added

Installment Loans

Calculate Nominal Interest Rate Endpoint: Determines the base interest rate for loan terms, designed to work seamlessly with our existing amortization schedule preview functionality to ensure consistent rate calculations across your borrower-facing materials and actual loan servicing.

Use Cases

• Amortization Schedule Consistency: Use the nominal interest rate endpoint alongside our amortization schedule preview to ensure that payment schedules shown to borrowers during the application process exactly match what will be generated when the loan is booked in Canopy's servicing system.