When User Updates Loan Start Date # Of Installments Count Changes (Doc ID 2112080.1)

Last updated on MARCH 01, 2016

Applies to:

Oracle Loans - Version 12.2.2 and later
Information in this document applies to any platform.

Symptoms

Changing the Loan Term Start Date to a month later creates a 13th payment in the amortization schedule when the loan is monthly for 1 year.

For example:

Loan for 1 Yr, with 12 monthly payments that starts on 12/01/2015 - Save
You will see 12 payments in the Amortization Tab
Change the Start Term Date to 1/1/16 - Save and Requery the loan
Now you will see 13 payments in the Amortization Tab

 

Cause

Sign In with your My Oracle Support account

Don't have a My Oracle Support account? Click to get started

My Oracle Support provides customers with access to over a
Million Knowledge Articles and hundreds of Community platforms