Quote for "Termination Quote For Repossession" is Erroring with Asset 136422 Already Exists In XXXXXX

Last updated on DECEMBER 01, 2017

Applies to:

Symptoms

On : 12.1.3 version, Asset Management

Quote for "Termination Quote for Repossession" is erroring when in the system options, operational options, Loan Repossession tax book is set to "XXXXXX TAX BOOK".

ERROR
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Step: Asset Dispose
Asset 136500 already exists in IN XXXXXX book
Error: function fa_asset_val_pvt.validate returned failure
Error: function fa_addition_pub.do_addition returned failure
Error during creating asset OKL5126010 in FA.

It works fine for other tax books.

STEPS
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The issue can be reproduced at will with the following steps:
1. Create a loan contract and book it
2. Bill and accrue
3. Create Termination Quote for Repossession for the loan contract.
4. Approve the quote.
5. Go to Asset returns screen and query the asset
6. Enter Update Asset Return Details for "Return Date, Return Value and Return Status as "Repossessed" and Apply.
7. Go back and Accept the Termination Quote.
8. Query the Contract and select Quotes for Modification or Termination from Action Lov
9. Go to Termination Transactions Tab and click on Go
Termination transactions have errored out in the Asset Dispose step..

Changes

Cause