How to Prevent the Loans First Installment from Billing in Future?
(Doc ID 1559544.1)
Last updated on FEBRUARY 23, 2015
Applies to:Oracle Loans - Version 12.1.3 and later
Information in this document applies to any platform.
When creating a loan with the Payment Start Date = 20-JAN-2014, how is it possible to keep the first installment from billing, besides using the disable billing flag for the Loan?
If a loan is created today, 21-MAR-2013, and set the Payment Start Date = 20-JAN-2014, the first installment will bill, with a gl-date of today, and Transaction date of 2014.
This is creating an open invoice on the customer account, when it's not due until 2014.
To view full details, sign in with your My Oracle Support account.
Don't have a My Oracle Support account? Click to get started!