Navigation:  Loan Screens > Account Information Screen Group > ARM Information Screen > ARM Detail tab > P/I Payment field group > P/I Change Frequency

Entry: User, numeric, 3 digits

F/M: Yes

Mnemonic: LNAMPC

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

 

This field contains the frequency on which the P/I will change on this loan. It should be entered in months. If the P/I is supposed to change annually, “12” would be entered in this field. Enter "6"  for semi-annual changes; "1" for monthly changes.