Navigation:  Loan Screens > Account Adjustment Screen > Current Account Information field group > Original Due Date

Entry: System, date

F/M: No

Mnemonic: LN1DUE

Screen: Loans > Account Adjustment screen

 

This field displays the first payment due day and date on this loan. The Day portion of this field displays the day of the month, and the date portion displays the date in DD/MM/YYYY format.

 

This is a critical field that is used by numerous afterhours reports. Coupons and bill/receipt statements use this date to determine the first coupon/billing.

 

For line-of-credit loans (payment method 5), if the first due date is not known, the date the loan was opened will appear in this field, so the field will not be blank. (A bill/receipt will not be created until there is a principal advance. The statement will be created on the next coupon/bill cycle after the advance).