Estimated Billing Adjustments for Partial Termination do not Generate Credit Memo P&I on a Loan
(Doc ID 2836288.1)
Last updated on MARCH 27, 2022
Applies to:Oracle Lease and Finance Management - Version 12.2.5 and later
Information in this document applies to any platform.
Find that when performing a partial termination on a loan contract, it shows that a credit memo will be generated for the Principal and Interest Payments due after the quote effective from date, but after accepting the quote these credits are not generated.
Expect the credit memos for the Principal and Interest to get generated.
The issue can be reproduced at will with the following steps:
1. Using lease super user responsibility, author a loan contract with multiple assets and book it.
2. Using lease administrator responsibility, bill some of the periods.
3. Create a partial termination on the contract with an effective from date that is prior to the last payment that has billed so that the payment will show up on the quote as an estimated billing adjustment.
4. Accept the Quote and view the resulting invoices from the Quote. No invoice / credit memo is generated for the estimated billing adjustment quote lines.
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