Found the answer through some careful documentation browsing:
rmatrixsolvels( A, noRows, noCols, b, singularValueThreshold, info, solverReport, x)
The documentation states the the singular value threshold is a clamping threshold that sets any singular value from the SVD decomposition S matrix to 0
if that value is below it. Thus it should be a scalar between 0 and 1.
Hopefully, it will help someone else too.