Article Details
Id:10683
Product:finPOWER Connect
Type:NEW
Version:1.06.05
Opened:12/11/2012
Closed:12/11/2012
Released:26/11/2012
Job: J010707
High Importance
Breaking Change

Residual Value; no longer limits expected payments during Loan Term

Account calculations no longer limit the expected payment before the Maturity date if the Account has a Residual value.

Previously you had to check the "Allow Credit/ Zero balance before maturity date?" on the Account Type.

Note, this also affects Direct Debit payments.