2810 How the Maturity Date is populated

The Maturity Date field exists in the Banker > Closing Documents > Basic Loan Information screen. It is calculated by entering the First Payment Date from the Basic Loan Information or Truth In Lending screen and entering the Due in months field on the Borrower Information screen.

The calculation is as follows:

First Payment Date + Due in loan term (months) = Maturity Date

For example:

First payment date is 01/01/2001 and the Due in months field for the loan term is 360. The maturity date will be 01/01/2001 + 360 months = 12/01/2030