Navigation:  Loan Screens > Account Information Screen Group > Additional Loan Fields Screen > Origination/Maturity tab > Assumption Date

Entry: System, date

F/M: Yes

Mnemonic: LNASDT

Screen: Loans > Account Information > Additional Loan Fields > Origination/Maturity tab

 

This field stores 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 using the Assumption system, once the assumption is completed, this field is updated by the assumption date in the Assumption system.