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Chapter 7 Bankruptcy | Only The Specific Borrower In Chapter 7 Is Affected (Doc ID 2867038.1)

Last updated on MAY 07, 2022

Applies to:

Oracle Financial Services Lending and Leasing - Version 14.8.0.0.0 and later
Information in this document applies to any platform.

Symptoms

ACTUAL BEHAVIOR
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Chapter 7 Bankruptcy | Only the specific Borrower in Chapter 7 is affected

Whenever Bankruptcy condition is opened on any account, core code "tcnprc_em_100_01.post_condition_open" updates the stop correspondence indicator for all customers on the account without checking the bankruptcy type. This affects all parties on the loan as well as any other loans having any of these parties. Attached document describes the issue in detail.

EXPECTED BEHAVIOR
-----------------------
System should update the stop correspondence only for the corresponding customer not all customers

STEPS
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The issue can be reproduced at will with the following steps:
1. Select an active account with more than one customer on the account.
2. Post a Customer Bankruptcy Reporting Indicator transaction for a "BORROWER"
3. Verify system posted the transaction successfully.
4. Verify the stop correspondence for all customers associated with the account

BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, All customers on the account are not getting reported to metro-2

Changes

 

Cause

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In this Document
Symptoms
Changes
Cause
Solution


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