Navigation:  Loan Screens > Insurance Screen Group > Policy Detail Screen > Policy Information tab > Insurance Information field group > Policy Effective Date

Entry: User, date

F/M: Yes

Mnemonic: INOPND

Screen: Loans > Insurance > Policy Detail > Policy Information tab

 

Use this field to indicate the date the selected insurance policy took effect.

 

This field is required in all calculations. This field is used with the Policy Term field to calculate the amortization period in regards to refunds.

 

The actual day of the month is used in amortization calculation for refunds.