Article Details
| Id: | 11843 |
| Product: | finPOWER Connect |
| Type: | FIX |
| Version: | 2.01.00 |
| Opened: | 02/05/2014 |
| Closed: | 02/05/2014 |
| Released: | 27/06/2014 |
| Job: | J013178 |
 High Importance |
|
Revolving Credit Loans; unexpected Overdue Adjustment (Minimum Payment) transaction added
An unexpected Overdue Adjustment (Minimum Payment) transaction may be added to Revolving Credit Loans.
The issue is created under the following circumstances:
1. Account Type, Payment page, Minimum Payment setting "Carry forward prepaid overdue Balance?" is unchecked.
2. Account Type, Payment page, Grace Period is used - and normally is quite high, e.g. 5 days.
3. The Minimum Payment is paid on the due date.
4. The Payment is bounced.
5. A Manual payment is made within the payment grace period for the minimum payment amount.