Navigation:  Loan Screens > Account Information Screen Group > Precomputed Loans Screen > Loan Information field group > Maturity Date

Entry: System, date

F/M: No

Mnemonic: LNMATD

Screen: Loans > Account Information > Precomputed Loans screen

 

This field contains the date the last payment is due and the loan should be paid off. All loans must have a maturity date or the payment cannot be posted.

 

Institution Option APML allows a principal increase to be processed if a loan is past the maturity date. It requires a supervisor override (SOV).

Institution Option APCO allows a loan payment (tran code 600/608) or an optional loan payment (tran code 690/698) to be processed if a loan has been charged off (hold code 2).