Loan Screens > Account Information Screen Group > Account Detail Screen > Interest Detail tab > Index & Margins field group

Entry: User, numeric

F/M: Yes

Mnemonic: LNAPIN

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

This field is used to enter the rate retrieved from the Interest Rate Table (from Loans > System Setup Screens) on the last interest rate roll for this account. The system supplies this information, but the user is allowed file maintenance if necessary.

This rate is used in ARM event letters.

For delinquent loans, the index rate appearing here does not match the rate for the delinquent payment; it displays the rate as if the loan were current. To see the rate for the delinquent payment, you must look in the history of the loan. It will appear in the history as "LST RT INDX____".