Loan Screens > Account Information Screen Group > Payment Information Screen > Loan Information tab > Recurring field group

Entry: User, numeric

F/M: Yes

Mnemonic: RAASH$

Screen: Loans > Account Information > Payment Information screen

When you click <Start Recurring> to set up a recurring payment record, the system automatically enters the P/I Constant amount in this field. You cannot make changes to this field. However, if the borrower wants to pay more than the P/I Constant, you can enter the additional amount in the Additional Principal field, or you can enter an amount in the Override Payment Amount field to override this default amount.

Note: If this loan has a modified payment schedule set up (using the Loans > Transactions > CP2 screen, Payment Schedule tab the amount defaulted into the Amount field for recurring payments will reflect the amount from the payment schedule.