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Interest Rebate Twice posted (Doc ID 2926705.1)

Last updated on FEBRUARY 10, 2023

Applies to:

Oracle Financial Services Lending and Leasing - Version 14.10.0.0.0 and later
Information in this document applies to any platform.

Symptoms

ACTUAL BEHAVIOR
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Fix in this patch 33465181 - FINANCE CHARGE DOUBLE REBATING is not working as expected

Finance charge on ancillary product rebated after full finance charge rebated. 
 

EXPECTED BEHAVIOR
-----------------------
Interest Rebate should not be posted again after Pay off

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

1.08/01/2021 - Create a PRE COMPUTED LOAN - 12 months Loan. 

2.Run DDT to generate bills. Run for 7 bills

3.08/05/2021 - Post payoff quote & make complete payment to make the account balance = 0.Observe interest rebate is posted(same as payoff rebate)

4.09/01/2021 - Run the next bill and bill generated  with zero amount

5.System will not generate the interest rebate again.

 

Changes

 

Cause

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In this Document
Symptoms
Changes
Cause
Solution


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