Loans > Loan Screens > Line-of-Credit Loans Screen > Rate Information tab

Use this field group to view and edit scheduled rate change information for the customer line-of-credit (LOC) loan account. The Use Scheduled Rate Changes field must be marked in order to use this field group.

laicloc_sheduledratechange

To learn more about how LOC loans function, see the Line-of-Credit Loan Information help page.

The fields in this field group are as follows:

Field	Description
Use Scheduled Rate Changes Mnemonic: LNRLRS	Use this field to indicate whether the loan uses scheduled rate changes. This field affects afterhours processing for the loan. If this field is marked, the afterhours update function “Perform floating rate rolls” will no longer roll the loan Rate for the loan. Instead, the update function “Scheduled LOC rate changes for PMT 5, 9, 10” will take effect.
Roll Rate on Billing Night Mnemonic: LZRRBL	Use this field to indicate whether rate changes will be allowed to occur on billing nights.
First Change Date Mnemonic: LN1ROL	Use this field to indicate the first date the rate change will occur.
Rate Change Stop Date Mnemonic: LZENDD	Use this field to indicate the date after which rate changes will no longer occur.
Use Actual Days Mnemonic: LZUSAD	Use this field to indicate whether an actual number of days can be entered in the Change Frequency field.
Change Frequency Mnemonic: LZDAYS	Use this field to indicate the number of days (minimum 30, maximum 365) between rate changes on the loan. This field must be entered in multiples of 30 unless the Use Actual Days field is marked.
Next Rate Change Date Mnemonic: N/A	This field displays the next date a rate change is scheduled to take place.