NEW3.03.00 · Released 1 May 2020
NEWfinPOWER Connect
Released in
3.03.00
1 May 2020
  1. Opened14 Apr
  2. Closed17 Apr
  3. Released1 May
Article 16934 Job J024093

New Zealand High-Cost Consumer Credit Contracts; updated Account Default Interest Change wizard HTML Widget

A new warning has been added to the Account Default Interest Change wizard HTML Widget under the following conditions:

  • Account Type is Fixed Term Loan and Consumer based
  • Account is NOT a New Zealand High-Cost Consumer Credit Contract
  • Account was opened on or after 1 June 2020
  • New Default Interest Rate is more than 50% - the threshold for a High-Cost Consumer Credit Contract

The following HTML Widget has been updated:

  • HtmlWidget_AccountDefaultInterestChange
    • Version: 1.03 (14/04/2020)