Navigation: Loan Screens > Account Information Screen Group > Additional Loan Fields Screen > Valuation/Billing tab > Troubled Debt field group >
Charge Off Date
Entry: System, date
F/M: Yes
Mnemonic: LNCODT
Screen: Loans > Account Information > Additional Loan Fields > Valuation/Billing tab
This field contains the effective date when the charge-off transaction was run. The charge-off date is used by both credit reporting and some regulatory reports. For more information, see the help on the Loans > Transactions > Charge-off Transactions screen.
Note: This field differs from the Charge Off Posted Date in that this is the effective date.