Navigation:  Loan Screens > Account Information Screen Group > ARM Information Screen > Rate Caps & Negative Amortization tab > Negative Amortization field group > P/I Change Frequency

Entry: System, numeric, 3 digits

F/M: No

Mnemonic: LNAMPC

Screen: Loans > Account Information > ARM Information > Rate Caps & Negative Amortization tab

 

This field contains the frequency on which the P/I will change on this loan. It is entered in months. For example, if the P/I is supposed to change annually, “12” will be in this field. This field can be file maintained on the ARM Detail tab.