In the preferences for media folder assignments, I have "Use a single default folder for project media saves" enabled and then I assigned a folder to the non default assigned folder. However, when I record audio in APN, the files are recorded to their default folder assignment location.

As can be seen in pic below of my assigned settings, I have media saves assigned to D:\Media\Acid\Acid Record\ and when I insert a new audio track and record, the audio files that get recorded are placed in D:\Documents\ACID Pro Next Suite Projects\ instead of following the settings in preferences. I have done multiple restarts of Acid, and still the problem persists.

Also there is no button shown to be able to assign "Loop Collections Folder"