Article Details
Id:16934
Product:finPOWER Connect
Type:NEW
Version:3.03.00
Opened:14/04/2020
Closed:17/04/2020
Released:01/05/2020
Job: J024093

New Zealand High-Cost Consumer Credit Contracts; updated Account Default Interest Change wizard HTML Widget

A new warning has been added to the Account Default Interest Change wizard HTML Widget under the following conditions:

  • Account Type is Fixed Term Loan and Consumer based
  • Account is NOT a New Zealand High-Cost Consumer Credit Contract
  • Account was opened on or after 1 June 2020
  • New Default Interest Rate is more than 50% - the threshold for a High-Cost Consumer Credit Contract

The following HTML Widget has been updated:

  • HtmlWidget_AccountDefaultInterestChange
    • Version: 1.03 (14/04/2020)