Not Able To Create Principal Paydown Against A Revolving Loan
(Doc ID 2003503.1)
Last updated on MARCH 08, 2017
Oracle Lease and Finance Management - Version 12.1.3 and later Information in this document applies to any platform.
ACTUAL BEHAVIOR --------------- When trying to create a new Unscheduled Paydown (aka Principal Paydown) on a Revolving Loan, none of the buttons (Accept Paydown, New Payments, Refresh or Calculate Payment) are active.
EXPECTED BEHAVIOR ----------------------- Expect to be able to process an Unscheduled Paydown on a Revolving Loan, so the relevant buttons should be active.
STEPS ----------------------- The issue can be reproduced at will with the following steps:
We completed the following steps for our testing: • Created and Booked a ‘Revolving Loan’ contract • Created funding (Borrower Payment), transferred to AP, Validated and paid invoice • Submitted the ‘Update Loan Balances’ program. ‘Outstanding Principal’ in Lease center now shows funded amount • Processed the CRVRI program. It calculated the interest amount due on the outstanding Principal balance • Processed the accrual program • Processed the Lease billing program – and it has created the Interest Invoices in AR
We then wanted to test the Principal paydown for the above contract. • We queried the Revolving Loan contract in Lease Center • In ‘Requests’ tab, selected ‘Type’ as ‘Unscheduled Paydown’ – and clicked on ‘New’ • We enter the Paydown Date and the Paydown Amount on ‘Unscheduled Paydown Request’ tab • The screen shows the ‘Current’ and ‘new’ Principal balance • But after this, none of the other buttons are active (Accept Paydown, New Payments, Refresh or Calculate Payment) • Due to this, we are NOT able to complete the Principal Paydown
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