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Issues with Principle Pay Down (PPD) Processing in Lease Center (Doc ID 2717666.1)

Last updated on OCTOBER 07, 2020

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,

Multiple issues were observed with Principal Paydown (PPD) processing in Lease center and they are:

1. When attempting to process a backdated unscheduled principle pay down in Lease Center on a loan, the following error occurs.

ERROR
-----------------------
APP-OKL-441815: Please enter a Principal Paydown Date that is after the last billing date (DD-MMM-YY)

2. When attempting to process a principal paydown to revise the term in lease center using the date after the last billing date, the following error occurs.

ERROR
-----------------------
APP-OKL-429192: Cannot have gap in dates between payment levels

3. When mid-period paydown is performed, the paydown amount gets split between principal and interest


STEPS
-----------------------
The issue can be reproduced at will with the following steps:
1. Navigate to OLFM Lease Center >> Lease Center Search
2. Enter > Contract Number
3. Click > Search Button
4. Click > Search Button
5. Click > Open Button
6. Click > Balances Tab to check date of interest Date of Calculation
7. Click > Request Tab
8. Under Type Drop Down Choose: Unscheduled Paydown
9. Click > New Button
10. Enter > Backdated Paydown Date and receive the error.

Cause

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In this Document
Symptoms
Cause
Solution
References


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