# Rate Adjustment Occurrence

Allows you to enter the applicable value to describe when the monthly interest rate adjustment will occur.

- First of the Month: The interest adjustment day is the first day of the month.
- Payment Date: The interest adjustment day is the scheduled payment date.
- Day Following Payment Date: The interest adjustment day is the day following each scheduled payment date.
- Days From End of Billing Cycle Date: The interest adjustment day is "x" days from the end of the billing cycle. The number of days will be entered in data entry for the Note.
- Days From Day Following End of Billing Cycle Date: The interest adjustment day is "x" days from the day following the end of the billing cycle. The number of days will be entered in data entry for the Note.

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