Navigation:  Loan Screens > Account Information Screen Group > Payment Information Screen > Loan Information tab > Options field group > Use Spread Payments

Entry: User, checkbox

F/M: Yes

Mnemonic: LNSPRD

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

 

Check this box if spread payments (transaction code 690) are allowed on this loan. Spread payments are made through the Loans > Transactions> Make Loan Payment or Mass Loan Payments screens. With spread payments, you can designate how much of the transaction will go to interest and how much will go to principal.