New Loan Accounts; new option to apply a minimum and maximum limit to the Net Advance

A new option has been added to apply a minimum and maximum limit to the Net Advance for new Loan Accounts. This simplifies lending responsibilities under Australian SACC and MACC regulations.

To define the limits, open Admin, Account Types and go to the Transactions page.

When entering a new Loan, via the New Account wizard, if the Net Advance is outside the defined range an error occurs.

Note, this option applies to Fixed Term Loan and Floating Rate Loan class Accounts.