A Loan is Fully Paid but Continues to Bill Interest Amounts
(Doc ID 2915399.1)
Last updated on DECEMBER 20, 2022
Applies to:Oracle Loans - Version 12.1.3 to 12.2.12 [Release 12.1 to 12.2]
Information in this document applies to any platform.
When creating a manual bill for the remaining amount of the loan, the amortization schedule still shows interest amounts for the remainder of the loan, and will bill those amounts if LNS: Loans Billing is run.
Steps to Reproduce:
Responsibility: Loan Agent
Navigation: Loans Dashboard
- Create a loan for $10,000
- Either before or after the loan is billed, create a manual bill for the remaining amount of the loan and pay that manual bill.
- Even though the customer has paid the balance of the loan, the loan remains in Active status and the amortization schedule shows interest amounts, but no principal.
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