Loan Screens > Account Information Screen Group > Payment Information Screen > Loan Information tab > Recurring field group > Recurring...days prior to Due Date Effective

Entry: User, alphanumeric

F/M: Yes

Mnemonic: RADYSB

Screen: Loans > Account Information > Payment Information screen

This field is only used with the following loan frequencies:

13 - Floating Payment

24 - Semi-monthly Payment

26 - Bi-weekly Payment

52 - Weekly Payment

Select from the Recurring field the number of days prior to the Due Date Effective date that you want the recurring payment to occur.

For example, if you select "2" in the Recurring field, and the Due Date Effective date is set for "10/08/2013," then two days before the new effective Due Date, the system will debit the account entered above, and apply that amount to the loan payment.