(b) All current liabilities with regular monthly payments (as indicated by the credit bureau report and the credit application/financial statement) will be considered as follows in the calculation of the applicant’s debt-to-income ratio:

1. (1) R – Revolving accounts (not including equity lines of credit). On accounts with outstanding balances, payments will be calculated based on minimum payment due as reported by the credit bureau report;
2. (2) R – Equity revolving lines of credit. On revolving accounts that are secured with home equity, payments will be calculated using one and one-half percent (1.5%) of the outstanding balance;

3. (3) O – Open accounts (American Express, Diners Club).

   1. (A) Accounts that are due and payable in full each month will not be included in the debt-to-income ratio regardless of the balance.
   2. (B) An open account may also include a debt that is not in repayment status, such as some student loans; and
4. (4) I – Installment loans. If an installment debt shows four (4) months or fewer payments remaining, the payment will not be included in the D/I ratio.