Navigation: Loan Screens > Credit Reporting > Credit Reporting Screen > Credit Reporting & Loan Information tab >
Term Frequency
Entry: System, numeric
F/M: No
Mnemonic: BUFREQ
Screen: Loans > Credit Reporting > Credit Reporting & Loan Information tab
This is the payment frequency pulled from the Payment Frequency field on the Loans > Account Information > Payment Information screen or the maturity modifier (LNMATM) at monthend.
Appropriate payment frequency codes include the following:
CODE | DESCRIPTION OF FREQUENCY CODE |
1 | Monthly payment |
2 | Bi-monthly payment (every 2 months) |
3 | Quarterly payment (every 3 months) |
4 | Payment every 4 months |
6 | Semi-annual payment (every 6 months) |
12 | Annual payment |
26 | Bi-weekly (every 2 weeks) |