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

Entry: User, checkbox

F/M: Yes

Mnemonic: RDAREA

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

 

Check this field if the policy is paid in arrears. Example: You pay the premium in June which is actually for the May coverage. (This is used by some PMI companies.)