Account Delinquency screen > Delinquent Payments tab > Common Loan Information Field Group

Entry: System, date

F/M: No

Mnemonic: WKBLDT

Screen: Multiple

Field Group: Common Loan Information

This field displays the balloon date. Once a loan has reached the balloon date, payments will no longer be drafted under the following conditions:

•If the run date is less than or equal to the balloon date

•If the balloon date is greater than or equal to the loan due date

If either of these conditions exists, the night the payment would have drafted, the loan will be placed on the Afterhours Processing Exceptions Report (FPSRP013).

Note: Generally the balloon date and the maturity date are the same.

Note: If the balloon date is in the past and the account is open, the date will appear in red.