My Oracle Support Banner

Change in reporting accounts due to Mortgage Servicing Rules in Response to the COVID-19 Emergency and the CARES Act (Doc ID 2718107.1)

Last updated on OCTOBER 09, 2020

Applies to:

Oracle Financial Services Lending and Leasing - Version 14.5.0.0.0 and later
Information in this document applies to any platform.

Symptoms

ACTUAL BEHAVIOR
---------------
OFSLL should consider the new regulations with reference to Change in reporting accounts due to Mortgage Servicing Rules in Response to the COVID-19 Emergency and the CARES Act. 


EXPECTED BEHAVIOR
-----------------------
To check the feasibility and implement the change that is required as for CARES ACT

STEPS
-----------------------
The issue can be reproduced at will with the following steps:

Not Applicable

BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this, Customers not able to service the customer as per the new regulations on CARES ACT. Report the accounts to credit bureau as per the guidelines mentioned in CARES ACT

Changes

 

Cause

To view full details, sign in with your My Oracle Support account.

Don't have a My Oracle Support account? Click to get started!


In this Document
Symptoms
Changes
Cause
Solution


My Oracle Support provides customers with access to over a million knowledge articles and a vibrant support community of peers and Oracle experts.