diff --git a/docs/customization/custom-fields.md b/docs/customization/custom-fields.md
index 1e0d5c31e..e9ff7bd9f 100644
--- a/docs/customization/custom-fields.md
+++ b/docs/customization/custom-fields.md
@@ -40,14 +40,22 @@ Related custom fields can be grouped together within the UI by assigning each th
 
 This parameter has no effect on the API representation of custom field data.
 
-### Visibility
+### Visibility & Editing
 
-When creating a custom field, there are three options for UI visibility. These control how and whether the custom field is displayed within the NetBox UI.
+!!! info "This feature was improved in NetBox v3.7."
 
-* **Read/write** (default): The custom field is included when viewing and editing objects.
-* **Read-only**: The custom field is displayed when viewing an object, but it cannot be edited via the UI. (It will appear in the form as a read-only field.)
+When creating a custom field, users can control the conditions under which it may be displayed and edited within the NetBox user interface. The following choices are available for controlling the display of a custom field on an object:
+
+* **Always** (default): The custom field is included when viewing an object.
+* **If Set**: The custom field is included only if a value has been defined for the object.
 * **Hidden**: The custom field will never be displayed within the UI. This option is recommended for fields which are not intended for use by human users.
 
+Additionally, the following options are available for controlling whether custom field values can be altered within the NetBox UI:
+
+* **Yes** (default): The custom field's value may be modified when editing an object.
+* **No**: The custom field is displayed for reference when editing an object, but its value may not be modified.
+* **Hidden**: The custom field is not displayed when editing an object.
+
 Note that this setting has no impact on the REST or GraphQL APIs: Custom field data will always be available via either API.
 
 ### Validation
diff --git a/docs/models/extras/customfield.md b/docs/models/extras/customfield.md
index bf0c4755a..e68ddb79d 100644
--- a/docs/models/extras/customfield.md
+++ b/docs/models/extras/customfield.md
@@ -64,16 +64,25 @@ Defines how filters are evaluated against custom field values.
 | Loose    | Match any occurrence of the value   |
 | Exact    | Match only the complete field value |
 
-### UI Visibility
+### UI Visible
 
-Controls how and whether the custom field is displayed within the NetBox user interface.
+Controls whether the custom field is displayed for objects within the NetBox user interface.
 
-| Option            | Description                                      |
-|-------------------|--------------------------------------------------|
-| Read/write        | Display and permit editing (default)             |
-| Read-only         | Display field but disallow editing               |
-| Hidden            | Do not display field in the UI                   |
-| Hidden (if unset) | Display in the UI only when a value has been set |
+| Option | Description                                                    |
+|--------|----------------------------------------------------------------|
+| Always | The field is always displayed when viewing an object (default) |
+| If set | The field is displayed only if a value has been defined        |
+| Hidden | The field is not displayed when viewing an object              |
+
+### UI Editable
+
+Controls whether the custom field is editable on objects within the NetBox user interface.
+
+| Option | Description                                                                  |
+|--------|------------------------------------------------------------------------------|
+| Yes    | The field's value may be changed when editing an object (default)            |
+| No     | The field's value is displayed when editing an object but may not be altered |
+| Hidden | The field is not displayed when editing an object                            |
 
 ### Default