Navigation:  Loan Screens > Account Information Screen Group > ARM Information Screen > Rate Caps & Negative Amortization tab > Negative Amortization field group > Frequency to Ignore P/I Limit

Entry: User, numeric, 3 digits

F/M: Yes

Mnemonic: LNAMIG

Screen: Loans > Account Information > ARM Information > Rate Caps & Negative Amortization tab

 

This field indicates how many P/I changes will use the P/I increase limit. It then ignores the increase limit and the P/I will be increased to the amount required to amortize the loan over the remaining term. This field is only used if a checkmark is entered in the Use Payment Cap field.

 

 

See also: Use Payment Cap