Validation error 10906

Inconsistent combination - Loan Fee (E529)/Student Status Code (E490)/HELP Debt Incurral Date (E527)/OS-HELP Payment Amount (E528)

Description

Incorrect Loan Fee (E529) applied.

Error Logic

If the Student Status Code (E490) is '240' and the HELP Debt Incurral Date (E527) is on or after 1 January 2005 and before 1 January 2010, then the Loan Fee (E529) must be the OS-HELP Payment Amount (E528) multiplied by 0.20 plus or minus 0.01.

Error Resolution

Please check the Student Status Code (E490), HELP Debt Incurral Date (E527), Loan Fee (E529) and OS-HELP Payment Amount (E528). A loan fee of 20 percent must be applied to OS-HELP debts incurred on or after 1 January 2005 but before 1 January 2010.

Details

ITSP Error Code: 10906
HEP: Yes
VET: No
PIR: No
TAC: No
Rule type: Fatal
Related elements:
Element Name: Loan fee
Packet: OS-HELP loan packet 2022