Navigation:  Loan Screens > Account Information Screen Group > ARM Information Screen > ARM Detail tab > Rate Information field group > First Rate Change Date

Entry: User, date

F/M: Yes

Mnemonic: LN1ROL

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

 

This is the date the loan changes rates for the first time. It can be manually entered or the “open loan” tran 680 will automatically place the date in the Next Rate Change Date field into this field if this field is blank.  This date is only used on the CMR Report (FPSRP117).

 

Enter the date using MMDDYYYY format, or use the drop-down calendar to select the date.

 

A GOLDWriter work field, LNWLMTH, is available that calculates the number of months between the Open Date and the First Rate Change Date.