FM SFLP.Next Payment Change Date
From Open Risk Manual
Revision as of 14:50, 17 January 2023 by Wiki admin (talk | contribs) (Created page with " == Definition == <b>Next Payment Change Date</b>.: For an adjustable-rate mortgage loan, the next date on which the payment amount due from the borrower is subject to change....")
Definition
Next Payment Change Date.: For an adjustable-rate mortgage loan, the next date on which the payment amount due from the borrower is subject to change.
Notes
Applicable to certain CIRT offerings.
The field belongs to the FM SFLP Template
Field Characteristics
- FM SFLP Field Index: 93
- Data Type: DATE
- Data Maximum Length: MMYYYY
Disclaimer
This information is provided as is. Refer to the FM SFLP Template for pointers to definitive instructions about hte SFLP data templates
