Navigation:  Loan Screens > Account Information Screen Group > Reserves Screen Group > Account Reserve Detail Screen > Reserve Payment tab > Reserve 1 and 2 field groups > Second Reserve Constant

Entry: User, numeric

F/M: Yes

Mnemonic: LNR1NX, LNR2NX

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

 

This field is used with the Effective Date to indicate what the new Reserve Constant becomes on that date. It is also used to round the payment during ARM or reserve analysis. The reserve analysis updates this field for you. However, if the new reserve payment is equal to the old reserve payment, this field is not updated. This field cannot be zero if the Third Reserve Constant field has a dollar amount in it.