Navigation:  Loan Screens > Credit Reporting  > Credit Reporting Screen > Credit Reporting & Loan Information tab > Term Duration

Entry: System, numeric

F/M: No

Mnemonic: BUTERM

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

 

The Terms Duration field for revolving or line-of-credit loans reflects as follows:

 

•The value will be “LOC” (line-of-credit) when the loan payment method is 5 (line-of-credit) and is not a card loan (LNCARD=No or is left blank).

 

•The value will be “REV” (revolving line-of-credit) when the payment method is 5 and is a card loan (LNCARD=Yes or checked box).

 

This is reported in Base Field 13 on the Credit Report and transmission (FPSRP184).