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Delinquent Account Doesn’t Assess Late Charge (Doc ID 2714512.1)

Last updated on SEPTEMBER 27, 2020

Applies to:

Oracle Financial Services Lending and Leasing - Version 14.6.0.0.0 and later
Information in this document applies to any platform.

Symptoms

ACTUAL BEHAVIOR
---------------
Delinquent account doesn’t assess late charge

Late charge processing is skipped for next due date, when extension is posted after current month late charge is processed.

EXPECTED BEHAVIOR
-----------------------
Late charge next run date should set correctly when extension got posted on an account

STEPS
-----------------------
The issue can be reproduced at will with the following steps:
1. Post an extension on an account after the last late charge run date next
2. verify system should have posted the transaction successfully
3. Verify the late charge run date next value

BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, late charge assessment is missing for the next due date.

Changes

 

Cause

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In this Document
Symptoms
Changes
Cause
Solution


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