Navigation:  Loan Screens > Account Information Screen Group > Payment Information Screen > Loan Information tab > Next P/I Constant Effective Date

Entry: User, date

F/M: Yes

Mnemonic: LNPIEF

Screen: Loans > Account Information > Payment Information > Loan Information tab

 

This field contains the principal/interest effective date, which is the date that the Next P/I Constant should replace the P/I Constant. This field, in conjunction with the Next PI Constant field, can be used to make a payment change in the amount of money applied to principal and interest. (This is the payment due date for the new principal and interest payment.)

 

If this loan has a modified payment schedule (using the Loans > Transactions > CP2 screen, Payment Schedule tab), this will be the next date the payment schedule changes.