Enter the date of the first scheduled payment change in this field or press [Enter] to
utilize the plan-generated payment change default date. The audit system will detect
any change date entry that does not match the plan-generated default date and warn
you of the discrepancy. Normally, the first payment change date is one month after the
first interest change date (assuming non-negative amortization).
Example: On a 6-month ARM, if the first payment date is 11/1/99, add 6 months for
the first payment change (5/1/2000) and subtract one month for the date of the first
interest change (4/1/2000). All date fields insert the '/' symbols automatically. Simply type
in any date as one 8-digit number. In addition, entry of "+ # days" will result in the
automatic computation of the date reflecting the addition/subtraction of days indicated.