Navigation:  Loan Screens > Account Information Screen Group > ARM Information Screen > ARM Detail tab > Periodic Rate Caps field group > Maximum Points Down

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

F/M: Yes

Mnemonic: LNAMRD

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

 

This is the maximum points per period that the loan accrual rate can be decreased. This field is only used when there is a checkmark in the Use Rate Cap field.