Loan Screens > Account Information Screen Group > Account Detail Screen > Account tab > Payment and Classification field group

Entry: System, numeric

F/M: No

Mnemonic: LNYTDI

Screen: Loans > Account Information > Account Detail > Account 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. You cannot file maintain this field. This field does not include the deferred interest paid this year. For year-end reporting to the IRS, this field is added to the YTD Interest field. 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 this loan has an Assume Date, the YTD Interest field clears to zero and then begins tracking the interest paid by the new buyer. See the Assume Date field for more details.