Article Details
Id:16559
Product:finPOWER Connect
Type:NEW
Version:3.02.04
Opened:02/10/2019
Closed:02/12/2019
Released:11/02/2020
Job: J023051

Credit Bureau Defaults: new "In Legal" option added

The standard Credit Bureau Defaults script now supports "In Legal" type Accounts.

An Account may change at some point when in legal proceedings. For example, the entire balance previously was in default (overdue) - but a court order may mean only a set amount can be payable each week - therefore the overdue is cleared and a payment arrangement made. So, at this point the Overdue balance does not reflect the true Default - rather the Balance does.

Therefore, when an Account is "In Legal" the entire balance should be treated as the Default - not just the overdue balance (which may be zero).

The object events script includes three new constants, InLegalMonitorCategoryARange, InLegalMonitorCategoryBRange and InLegalMonitorCategoryCRange. These define the Monitor Categories that indicate that an Account is "In Legal".

The following built-in script has been updated:

  • ObjectEvents_CreditBureauDefaults_Events
    • Version: 1.15 (2/12/2019)