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

Entry: User, numeric

F/M: Yes

Mnemonic: RDAMNT

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

 

This is the amount of the insurance premium if this disbursement is for insurance policies such as fire, flood, or even private mortgage insurance. This field will be the total amount of the premium for the term specified in the Term field. Therefore, this may be a monthly premium, six-month premium, yearly premium, etc.