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Compensation Not Reversed When Lease Account Is VOID (Doc ID 2769756.1)

Last updated on APRIL 22, 2021

Applies to:

Oracle Financial Services Lending and Leasing - Version 14.2.0.0.0 and later
Information in this document applies to any platform.

Symptoms

On : 14.2.0.0.0 version, Production Support-SET

ACTUAL BEHAVIOR
---------------
Compensation not reversed when Lease account is VOID

When a Lease account is marked VOID, the amortized transactions are not reversed.

EXPECTED BEHAVIOR
-----------------------
System should reverse the compensation amount when the LEASE account is VOID.

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

1)Pick an active lease account with compensation amortized transactions posted
2)Reverse the active transaction to mark the account void
3)Verify transactions under Servicing --> GL Transactions --> Amortized transactions-->Show All (search by account nbr) -->Amortized transactions sub tab

BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, users cannot have the compensation amortization transaction to be reversed when the LEASE account is VOID.

Cause

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In this Document
Symptoms
Cause
Solution


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