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Insurance Expiry Date Error When Try To Fund an Account (Doc ID 2723628.1)

Last updated on OCTOBER 28, 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

On : 14.6.0.0.0 version, Implementation Support

ACTUAL BEHAVIOR
---------------
The system show Insurance Expiry date error when the user try to change the status of application to funded. This error appears when the month ends on the 31st.

Please note, Policy Expiry date field is not mandatory for IFL.

EXPECTED BEHAVIOR
-----------------------
System should not throw error while funding application with insurance expiry date as null or when the month ends on 31st.

STEPS
-----------------------
The issue can be reproduced at will with the following steps:
1. Create an fresh application with insurance details having expiry date column as NULL.
2. Try to fund the account by moving the application status from verifying to funded.
3. System should not through any error like "Policy expiry date should not be greater than account maturity date".

BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, users cannot fund account with insurance expiry date as null and account funding on 31st.

Cause

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In this Document
Symptoms
Cause
Solution


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