Article Details
Id:16900
Product:finPOWER Connect
Type:NEW
Version:3.03.00
Opened:08/04/2020
Closed:12/04/2020
Released:01/05/2020
Job: J024071

New Zealand High-Cost Consumer Credit Contracts; updated Account Warnings script

The Account Warnings object event script has been updated to include warnings related to New Zealand High-Cost Consumer Credit Contracts.

In addition, for New Zealand databases, if the Account is a Consumer Loan, the Regulation Type is NOT defined as "NZ High-Cost Consumer Credit Contract" and it is opened on or after 1 June 2020, and the Total Interest Rate is greater than or equal to 50% a warning is also shown.

The following standard Object Event Script has been updated:

  • ObjectEvents_Account_Warnings
    • Version: 1.09 (12/04/2020)

The following standard Summary Page block has been updated:

  • Account_ConsumerRegulation_NZHCCCC
    • Version 1.00, Last updated 12/04/2020