Navigation:  Loan Screens > Original Loan Disclosure Screen > Loan Disclosure Information field group > 1st Pmt Due Date

Entry: System, date

F/M: No

Mnemonic: LN1DUE

Screen: Loans > Original Loan Disclosure screen

 

This field displays the first payment due date on the customer loan account.

 

This is a critical field that is used by numerous afterhours reports. Coupons and bill/receipt statements use this date to determine the first coupon/billing.

 

If the first due date is not known for line-of-credit loans (payment method 5), the date the loan was opened will appear in this field. A bill/receipt will not be created until there is a principal advance. The statement will be created on the next coupon/bill cycle after the advance.