Navigation:  Loan Screens > Account Information Screen Group > Account Detail Screen > Interest Detail tab > Interest Information field group > Year-to-Date Interest Paid

Entry: System, numeric

F/M: No

Mnemonic: LNYTDI

Screen: Loans > Account Information > Account Detail > Interest Detail tab

 

This is the total amount of interest that a customer has paid on this loan in the current calendar year beginning January 1.  It is cleared at the end of each year.  This field is maintained by the system.  It cannot be file maintained by the user.  This field does not include the deferred interest paid this year.  For year-end reporting to the IRS, this field is added to the Year-to-Date Deferred Interest Paid field on the Statistics tab. This field also does not include LIP interest.

 

This field does not update if the selected customer loan account is a precomputed loan with a pre-payment penalty.

 

If an assumption has been processed on this loan, the Year-to-Date Interest Paid field clears to 0 and then begins tracking the interest paid by the new buyer.