Directory preferences not working in Mapinfo Pro 2019

Products affected: Mapinfo Pro 64-bit
Product Feature: Options - Preferences

Issue

Directory preferences are not used as defaults in Mapinfo Pro 2019.  Paths to folders are set on the Backstage > Options > Directories screen...

Options > Directories

...but they are not used as the default when saving and loading SQL templates.

SQL Templates

Cause

This is a bug (MIPRO-113855).

Resolution

UPDATED: January 14, 2020
Upgrade when the fix is available.

The workaround is to manually select the folder when saving or loading a template.