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Rental Agreement Type Lease Contract - Termination Issue (Doc ID 2970911.1)

Last updated on SEPTEMBER 03, 2023

Applies to:

Oracle Financial Services Lending and Leasing Cloud Service - Version 14.12.0.0.0 and later
Information in this document applies to any platform.

Symptoms

ACTUAL BEHAVIOR
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Rental Agreement Type Lease contract - Termination issue

Users have the following two issues on terminating the RENTAL Agreement type leases.

1. I created the lease contract with Agreement Type 'RENTAL' and accrual method- AMORTISED with 2-year period and Quarterly cycle (term 8) And rent Amount 1000.
After 5 terms, I tried terminating the lease. Then system is showing payoff amount: 10000 instead of showing as 5000. 

2. Create the lease with same details as above. But i made the account to go into ever green on the maturity date. and ran one billing also. then I tried to post the terminate action. system, is giving me the error as charge cycles re not maintained.

Cause

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In this Document
Symptoms
Cause
Solution


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