Last updated on SEPTEMBER 14, 2015
Applies to:Oracle Lease and Finance Management - Version 12.1.3 and later
Information in this document applies to any platform.
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 "IN 5Y LOCAL GAAP TAX BOOK".
Step: Asset Dispose
Asset 136500 already exists in IN 5Y LOC GAAP 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.
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..
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