Assumed

Entry: System, date

F/M: No

Mnemonic: LNASDT

Screen: Multiple

Field Group: Common Loan Information

This field stores the date this loan was last assumed, if applicable, and controls the interest being reported for the new borrower. Only interest paid after this date will be reported for the new borrower.  If the loan was assumed, this field is updated by the assumption date once the assumption is completed.