Navigation:  Credit Reporting  > Credit Reporting Screen > Credit Reporting & Loan Information tab > Amt Paid This Month

Entry: System, numeric

F/M: No

Mnemonic: BUAPTM

Screen: Loans > Credit Reporting > Credit Reporting & Loan Information tab

 

This field displays the to-date amount the borrower paid during the current month on the loan. You cannot make changes to this field; it is updated by the system when payments are made. This field is updated at monthend when the Credit Bureau Update is run.

 

A field called Loan Amount Paid this Month (LNAPTM) is updated by the system each time specific teller transactions are run and account balances are added to or subtracted from based on those transactions. The list of transactions that affect this field are shown in the following table.

 

 

When the Credit Bureau Update runs at monthend, the system pulls the information in LNAPTM and places it in the Amt Paid this Month field (BUAPTM) on the Credit Reporting screen. The LNAPTM field is then cleared to 0.00 to start the next month’s payment tracking.

 

This amount is then reported to the credit repositories through the Credit Report transmission (FPSRP184). When the Credit Bureau Report and transmission (FPSRP184) runs, the system takes the amount in BUAPTM, truncates it to whole dollars, and puts the whole dollar amount in the Actual Payment Amount field (Base Segment field 16).

 

Note: Reversals that happen for transactions from a previous month are not tracked. Only reversals for transactions that happen in the same month as when the Credit Bureau Update is run will be subtracted from LNAPTM.