Lowest Payment Amount Is Not Defaulting Into The Delinquency Condition: Amount Past Due, Why? (Doc ID 1262761.1)

Last updated on AUGUST 24, 2016

Applies to:

Oracle Loans - Version: 11.5.10.2 and later   [Release: 11.5.10 and later ]
Information in this document applies to any platform.

Goal

You are expecting a loan status to show delinquent but it is not. Upon further investigation you see that the Delinquency Condition: Amount Past Due is greater than the payment amount that is past due. Why is this?

Using Loans Agent responsibility
Navigate: Overview->Interest Tab
Scroll to Delinquency Condition: Amount Past Due

When a loan is still in origination, you can update this field, however, once the loan is approved, there is no update allowed.

Solution

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