Navigation:  Loan Screens > Account Information Screen Group > ARM Information Screen > ARM Detail tab > Lifetime Rates field group > Lifetime Maximum Rate Cap

Entry: User, numeric, 7 digits (not including the decimal)

F/M: Yes

Mnemonic: LNAMHI

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

 

This field contains the lifetime maximum rate that is allowed on this loan. This should be entered as a rate, e.g., 32.00000.

 

Both the accrual rate and the payment rate use this field when calculating a new rate.