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

Entry: User, checkbox

F/M: Yes

Mnemonic: LNAMDC

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

 

If a checkmark is entered in this field, the system looks at the percentage in the P/I Increase Limit field and uses that same percentage to decrease the P/I. This field defaults to a blank checkbox, indicating “No.” This field is only used if a checkmark is entered in the Use Payment Cap field.

 

See also: Use Payment Cap