RULE-COLLATERAL-PRESENT: Secured loans carry a collateral description
| Kind | reconciliation |
| Severity | exception (blocks approval until it is overridden or a corrected re-run clears it) |
| Ruleset | v1.0 |
| Inputs | collateral_secured, collateral_desc |
What it checks
Section titled “What it checks”When a source (typically the LAR or the Boarding Data Sheet) marks the loan secured, some document must carry a collateral description.
How it decides
Section titled “How it decides”Fires only when a collateral_secured value is true and no collateral_desc value was extracted anywhere. The decision is deterministic code, not a model: extraction only supplies the values and their provenance.
Thresholds (Settings → Other options → rules)
Section titled “Thresholds (Settings → Other options → rules)”- none (no bank-policy threshold applies)
The thresholds in force are recorded on every reconciliation run. An administrator can switch this rule off under Settings → Rules; a disabled rule is skipped by later runs, and the skip is recorded on each run and in the evidence chain.
Example
Section titled “Example”Secured with “First lien on 1420 Mill Road…” on the Boarding Data Sheet → no finding. Secured with no description → exception.
Resolution
Section titled “Resolution”Correct the documents and re-process the package (a new reconciliation run is created; nothing is edited in place), or override the finding with a reason code from review.reason_codes and a written justification of at least review.justification_min_length characters. Overrides need the manager or administrator role. Accepting an exception records that a person reviewed it but does not clear it. Every action is recorded in the finding history and the evidence chain.