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Unable to Update the Principal Balance for a Revolving Loan Contract (Doc ID 2502097.1)

Last updated on MARCH 12, 2021

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, Lease Authoring

ACTUAL BEHAVIOR
---------------
The program Master Program - Loan Balances Update is not updating balances correctly.

EXPECTED BEHAVIOR
-----------------------
Expect this program to update the loan balances correctly.

STEPS
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The issue can be reproduced at will with the following steps:
1. Create a Revolving Credit Line.
2. Create and Book a Contract using a Revolving Loan Product and the Credit Line created in Step 1.
3. Create a Borrower Payment Funding Request for the Contract.
4. Process the Funding Request until the payments are sent to AP.
5. Run Master Program - Loan Balances Update for the Contract.
  Principal Balance will be indicated to be 0 when that should not be the case.

BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, users cannot update these balances.

Cause

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In this Document
Symptoms
Cause
Solution
References


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