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The Principal Balance Is Shown with Complete Loan Amount Instead of Actual Balance on the Reversed Bill Record (Doc ID 2719508.1)

Last updated on OCTOBER 13, 2020

Applies to:

Oracle Loans - Version 12.1.3 and later
Information in this document applies to any platform.

Symptoms

 The field - 'Principal Balance' is showing with complete Loan Amount instead of actual balance for the reversed bill record.

STEPS TO REPRODUCE
==================
Example:
Loan Amount = USD 48000.00
Loan Start Date = 01-JAN-2020
Loan Payment Frequency = Monthly
Loan Period = 12 months

A. We can notice in Amortization Schedule that Principal Outstanding after making collecting payment against Payment # 1 is USD 44000.00
B. Generated Bill for Payment # 2 but there is no payment collected from the borrower.
C. Reverse the Payment # 2.
D. Go to Loan Dashboard > Query the Loan > Payments > Current Amortization > Payment History > Display Reversed Bills
E. For the Reversed Bill record, the field - 'Principal Balance' is showing the complete Loan Amount (i.e. USD 48000.00) instead of Actual Principal Outstanding Balance Amount.

Cause

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In this Document
Symptoms
Cause
Solution
 1. Bug Summary
 2. Fixed Files
 3. Recommended Patches
 4. Solution Steps
References


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