Article Details
Id:16764
Product:finPOWER Connect
Type:NEW
Version:3.03.00
Opened:19/02/2020
Closed:25/02/2020
Released:01/05/2020
Job: J023759

NZ High-Cost Consumer Credit Contracts; add "New Zealand Rate of Charge" Comparison Rate

A new Comparison Rate type of "New Zealand Rate of Charge" has been added. This is to support High-Cost Consumer Credit Contracts in New Zealand.

Note, a High-Cost Consumer Credit Contract is prohibited from charging more than a maximum Rate of Charge of 0.8% per day; calculated in accordance with the regulations.

The following built-in Summary Page has been updated:

* SummaryPage2_Account_Financial
* Version: 2.02 (20/02/2020)

The following standard Summary Page block has been updated:

* Account_ComparisonRate
* Version 1.03 Last updated 17/03/2020