Article Details
| Id: | 16874 |
| Product: | finPOWER Connect |
| Type: | NEW |
| Version: | 3.03.00 |
| Opened: | 19/03/2020 |
| Closed: | 06/04/2020 |
| Released: | 01/05/2020 |
| Job: | J023933 |
 Breaking Change |
|
New Zealand High-Cost Consumer Credit Contracts; Added Consumer Regulation Type to Account Types
For New Zealand High-Cost Consumer Credit Contracts the following new options have been added to Account Types:
- Consumer Regulation Type
- Can be defined if the Account Type is a "Fixed Term Loan" and the Credit Type is "Consumer"
- Options are "Not Applicable" and "NZ High-Cost Consumer Credit Contract"
- "Ignore maximum Default Fee limit?"
- Added to Overdue and Defaults page
- Normally the limit for Default Fees is prescribed as $30, but by checking this the limit is not applied
- "Create adjusted to Zero Transactions?"
- Added to Transactions page
- If a Cost of Borrowing transaction exceeds the maximum allowed for a High-Cost Credit Contract and falls to zero this defines whether the transaction should be added
Note, this is flagged as a breaking change for the following reason:
- BatchTransaction.AccountTransactionPk may return -1
- This is a special indicator and signifies that the Transaction has been reduced to zero but the Transaction was not saved - as "Create adjusted to Zero Transactions?" is unchecked