Navigation:  Loan Screens > Account Information Screen Group > Reserves Screen Group > Account Reserve Detail Screen > Reserve Disbursements tab > Disbursement Information field group > Pay Date

Entry: User, date

F/M: Yes

Mnemonic: RDDUDT

Screen: Loans > Account Information > Reserves > Account Reserve Detail > Reserve Disbursements tab

 

In this field enter the date on which the system should automatically make the disbursement from the appropriate reserve. If the Advance Pay Date field has a checkmark, the system will maintain this date for you based on the Term field.

 

Enter the date using MMDDYYYY format, or use the drop-down calendar to select the date.

 

Note: When using a date near the end of a month, the date may change when it rolls to the next pay date. For example, rolling the pay date one month from 10/31/2011, it will become 11/30/2011, and from that point on will always be on the 30th. If it rolls into February, it will change to 02/29/2012 and the rolling date will thereafter be the 29th.