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

Entry: System, numeric

F/M: Yes

Mnemonic: LN1DUE

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

 

This field displays the first payment due date on this loan in MMDDYY format.

 

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.

 

For line-of-credit loans (payment method 5), if the first due date is not known, the date the loan was opened will be entered, so the field will not be blank. (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.)