Article Details
Id: | 12588 |
Product: | finPOWER Connect |
Type: | FIX |
Version: | 2.02.04 |
Opened: | 23/01/2015 |
Closed: | 27/01/2015 |
Released: | 13/02/2015 |
Job: | J014783 |
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Restructured Loan Accounts; the grace period for Payments may not work as expected
After a Loan Account is restructured the grace period for Payments may not work as expected.
This means Payments may not be re-dated to their due date if within the grace period - and amongst other things Interest and Default Interest may be charged at a higher value.