Loan Screens > Account Information Screen Group > Additional Loan Fields Screen > Origination/Maturity tab

Entry: System, numeric

F/M: Yes

Mnemonic: LNOPND

Screen: Loans > Account Information > Additional Loan Fields > Origination/Maturity tab

This field displays, in MMDDYY format, the date the loan was opened or funded. The system automatically supplies this information when a new loan (tran code 680) is opened through GOLDTeller or GOLDTrak. For loans with precomputed interest (payment method 3), this field is one of the keys for calculating rebates.

When performing the open loan transaction, if there is a date in the Date Opened field (entered from loan patterns, initialize new loan, or GOLDTrak), the date will not be changed. When performing the open loan transaction, if the Date Opened field is blank, then the following will occur:

1.	If the transaction is not backdated, today's date is defaulted into the field.

2.	If the transaction is backdated to a date in the current month, the backdated date is defaulted into the field.

If the transaction is backdated into a prior month, the first day of the current month is defaulted into the field. This is done so the loan will appear on new loan reports and regulatory reports for the current month. (If you backdate transactions to a prior month, the loan will not appear on the prior month reports because they will already have been processed.)