Navigation:  Loan Screens > Account Information Screen Group > Precomputed Loans Screen > Options field group > Use Anniversary of Date Opened

Entry: User, checkbox

F/M: Yes

Mnemonic: LN78DO

Screen: Loans > Account Information > Precomputed Loans screen

 

This field changes the calculation of elapsed months by using the date opened. If this field is checked, the elapsed period is added from the date opened to the anniversary of the date opened until the payoff date is reached. This option should be used if Rebate Rule Days equals zero and Use Anniversary of 1st Due Date is not used.