Article Details
Id:19068
Product:finPOWER Connect
Type:FIX
Version:3.04.04
Opened:09/03/2022
Closed:11/03/2022
Released:09/06/2022
Job: J028424

Sample Contract for Revolving Credit Loan Accounts; updated Minimum Payment text

The sample Contract for New Zealand Revolving Credit Loan Accounts has been updated.

  • Minimum Payment text has been updated as noted below:
    • Interest and Fees Balance
      • Was not printing anything.
      • Updated to "The balance of Interest and Fees as at the end of each statement period.".
    • Interest and Fees Only
      • Updated to "The value of Interest and Fees for the statement period."
    • Interest Balance
      • Was not printing anything.
      • Updated to "The balance of Interest as at the end of each statement period."
    • Interest Only
      • Updated to "The value of Interest for the statement period."
    • Ongoing Set Value
      • Updated to "An ongoing set value of $."
    • Percent of Balance
      • Updated to "% of the unpaid balance as at the end of each statement period."
    • Set Value
      • Updated to "A set value of $."

The following sample Document has been updated:

  • LCRC, Loan Contract (Revolving Credit)
    • Version: 1.12 (11/03/2022)
    • Loan_Contract_NZCCCFA_RC.xml

DISCLAIMER: As per your Software Licence Agreement, before using sample Documents it is your responsibility to make sure the sample Documents are fit for the purpose and work as required and shall, as necessary, seek independent professional advice from sources such as Lawyers, Accountants and Government Agencies.