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Revolving Loan: Principal Pay Down not Allowed when Interest Invoice has Been Generated (Doc ID 2308002.1)

Last updated on FEBRUARY 22, 2019

Applies to:

Oracle Lease and Finance Management - Version 12.2.5 and later
Information in this document applies to any platform.

Symptoms

On : 12.2.5 version, Customer Service

ACTUAL BEHAVIOR
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Principal paydown is not allowed to be made for Revolving loan contracts when an Interest Invoice has been generated for that period. 


STEPS
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The issue can be reproduced at will with the following steps:
1. Create and Book a Revolving loan Contract that starts on 17-Feb-17. This contract has 15 print lead days
2. Process CRVRI and Billing as on 02-Mar-17. This will create an Interest invoice dated 2-Mar-17 and will cover interest for the period from 17-Feb-17 to 16-Mar-17
3. Lessee makes a Principal paydown on 14-Mar-17 (System date is also 14-Mar-17)
4. Navigate to 'Lease Center' and query the above contract
5. Initiate a Principal Paydown for the contract - dated 14-Mar-2017 - and we get an error as 'APP-OKL-441815: Please enter a Principal Paydown Date that is after the last billing date (16-Mar-17)


Changes

 

Cause

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In this Document
Symptoms
Changes
Cause
Solution
References


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