Navigation:  Loan Screens > Account Information Screen Group > Payment Information Screen > Loan Information tab > Last Payment Date

Entry: User, numeric

F/M: Yes

Mnemonic: LNDTLP

Screen: Loans > Account Information > Payment Information > Loan Information tab

 

This field shows the date that the last payment was posted. If a payment reversal (tran code 608) occurs, the system will look in the history for the previous last payment date and enter that date in this field. The last payment date is reported to the credit bureau and is updated as payment activity occurs on the loan.

 

Note: The loan transaction 590 (Charge LIP Interest to LIP Undisbursed Balance) also updates the date of last payment. However, the reversal of this transaction will not change the last payment date.