LNS: Billing Shows a Due Date of 1953 instead of 2053

(Doc ID 1965290.1)

Last updated on JANUARY 28, 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 first payment due in 50 years, the
LNS: Billing creates the payment with a due date of 1953, instead of 2053.

Steps to Reproduce:
Created Loan - L79504
Loan Start Date - 01-NOV-2013
Set Term Monthly - 480 Months
Set Payments Annual
First Payment due 01-NOV-2053

Approve the loan
Fund the loan
Run LNS: Billing for loan - L79504

Output from the concurrent process shows -

Borrower Loan Number Payment Number Amount Due Due Date
Christine 3rd Customer L79504 1 38.983,33 USD 1953-11-01

Notice the Due Date is in 1953


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