Initial Interest Rate Adjustment Notice ("ARM Notice") - Required Fields

Initial Interest Rate Adjustment Notice ("ARM Notice") - Required Fields

 Producing the Initial Interest Rate Adjustment Notice ("ARM notice") - Required Fields

  • The Next P&I Change Date must be equal to the First P&I Change Date.
  • The Initial ARM Notice sent field must be blank. When the notice is produced the Initial ARM Notice sent field will be updated and shown in the Pending Adjustment Record.
  • The Look Back Period and the Letter Lead Days are not evaluated when selecting the initial notices. 

ArticleNumber:

000052148

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