Navigation:  Loan Screens > Account Information Screen Group > Payment Information Screen > Loan Information tab > Recurring field group > Stop Recurring at Maturity

Entry: User, checkbox

F/M: Yes

Mnemonic: LNASTP

Screen: Loans > Account Information > Payment Information > Loan Information tab

 

Select this box if you want recurring payments to stop when the loan is past the maturity date. If this box is selected, when the loan is past the maturity date, the message “LOAN PAST MATURITY–PAYMENT NOT REQUESTED” will appear on the Afterhours Processing Exceptions Listing (FPSRP013).

 

Note: Recurring payment transactions will be stopped only if they are greater than the actual maturity date. Transactions effective on the maturity date will still be posted.