FM SFLP.Next Payment Change Date
From Open Risk Manual
Contents
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
- Column Label: PAYMENT_CHANGE_DATE
- Data Type: DATE
- Data Maximum Length: MMYYYY
- Temporal Classification: Performance
- Data Category: Loan
Implementation
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Disclaimer
This information is provided as is. Refer to the FM SFLP Template for pointers to definitive instructions about hte SFLP data templates
