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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