Article Details
Id: | 16918 |
Product: | finPOWER Connect |
Type: | NEW |
Version: | 3.03.00 |
Opened: | 05/04/2020 |
Closed: | 15/04/2020 |
Released: | 01/05/2020 |
Job: | J024049 |
New Zealand High-Cost Consumer Credit Contracts; updated Account Close HTML Widget wizards
The Account Close (including Close Quotation) HTML Widget wizards have been updated for New Zealand High-Cost Consumer Credit Contracts.
This includes adding warnings if the following conditions are detected:
- Transaction would be reduced
- Since a Close fee, adjustment etc, may be reduced when the Transaction is committed, that entered on screen may not reflect the actual transactions - so the Net Balance to Close may be inaccurate
- In this case the Close cannot proceed, and an error is displayed
- In addition you cannot create a Log or Print a Summary
- You should reduce fees to bring the net charges below the remaining Cost of Borrowing
- Posting Credits (Rebates)
- If Interest, Fees etc have already been reduced, doing an early settlement and rebating a cost may mean the Loan could have charged more - i.e. those earlier transactions and accruals could be charged
- In this case a warning message is displayed indicating you may wish to review the Loan further
- This does not prevent you committing the Close
The following HTML Widgets have been updated:
- HtmlWidget_AccountClose
- Version: 1.03 (15/04/2020)
- HtmlWidget_AccountCloseQuotation
- Version: 1.05 (15/04/2020)