Navigation:  Loan Screens > Account Information Screen Group > ARM Information Screen > ARM Detail tab > Rate Information field group > Next Rate Change Date (Effective Date)

Entry: System, date

F/M: No

Mnemonic: LNAMDT

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

 

This field contains the date of the next rate change on the loan in MMDDYY format.  File maintenance to this field is done on the ARM Rates & P/I Tables tab.  All rates will roll automatically in accordance with the rate change frequency and this date.

 

Note: The open new loan transaction 680 will automatically place this date in the First Rate Change Date field if that field is blank.