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Reversal Of Lease ACTIVE Transaction - Asset Status Change Is Not Changed (Doc ID 2970941.1)

Last updated on SEPTEMBER 03, 2023

Applies to:

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


Reversal of Lease ACTIVE transaction - Asset Status change is not changed.

User tried to Reverse the Lease activation transaction and observed that system is not changing the status of the asset because of which it cannot be attached to another lease. 

System should change the status of the asses so that it can be used for another lease during Reversal of lease ACTIVE transaction.

The issue can be reproduced at will with the following steps:

1. Create a lease account.
2. Reverse the Lease Activation Transaction through the Transaction history 'Reverse' button.
3. check the status of the Asset. It is still in ACTIVE status which is not the expected one.

The issue has the following business impact:
Due to this issue, users cannot do Reversal of lease ACTIVE transaction and use the Asset used in that lease account for another lease.


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