Navigation:  Loan Screens > Account Information Screen Group > Account Detail Screen > Account tab > Payment and Classification field group > Assume Date

Entry: System, numeric

F/M: No

Mnemonic: LNASDT

Screen: Loans > Account Information > Account Detail > Account tab

 

This field displays the date this loan was last assumed. It controls the interest being reported for the new borrower. Only interest paid after this date will be reported for the new borrower. If the loan was assumed (see Loans > Loan Assumption screen), once the assumption is completed, this field is updated by the Assumption Date.