Navigation:  Loan Screens > Credit Reporting  > Credit Reporting Screen > Credit Reporting & Loan Information tab > Scheduled Payment

Entry: System, numeric

F/M: No

Mnemonic: BUSCPM

Screen: Loans > Credit Reporting > Credit Reporting & Loan Information tab

 

This is the scheduled payment amount. This is reported in Base Field 15 (Scheduled Monthly Payment Amount) of the Credit Report transmission (FPSRP184) at monthend. This field is calculated as of monthend as follows:

 

•P/I Constant - Subsidy Balance (if the loan has any subsidies)

•If the loan has reserves, then the payment amount is calculated as Reserve Constant 1 + Reserve Constant 2 - Subsidy + P/I Constant.

 

CDIA guidelines require this amount to be in whole dollars. The amount will be truncated (not rounded) and will not show any decimals.