How To Fix 67_LOAN411 - Rollover not permitted for consumer loan &1

SAP Error Message - Details

• Message type: E = Error

• Message class: 67_LOAN - Messages for Fin. Asset Management for Loans - Continued

• Message number: 411

• Message text: Rollover not permitted for consumer loan &1

What causes this issue?

The rollover function is not provided for the product category 340
consumer loans.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 67_LOAN411 - Rollover not permitted for consumer loan &1 ?

  The SAP error message 67_LOAN411 ("Rollover not permitted for consumer loan &1") typically occurs in the context of SAP's Financial Services module, particularly when dealing with consumer loans. This error indicates that a rollover operation (extending or renewing a loan) is not allowed for the specified consumer loan.
  Causes:
  
  Loan Type Restrictions: The loan type may not support rollover operations. Certain loan products are designed to be paid off rather than extended.
  Loan Status: The current status of the loan may not permit a rollover. For example, if the loan is already in a closed or default status, a rollover may not be allowed.
  Configuration Settings: The system configuration may not allow rollovers for specific loan types or under certain conditions.
  Regulatory Compliance: There may be regulatory restrictions that prevent the rollover of certain types of consumer loans.
  
  Solutions:
  
  Check Loan Type: Verify the loan type and its configuration in the system. Ensure that the loan type is set up to allow rollovers if that is intended.
  Review Loan Status: Check the current status of the loan. If the loan is in a status that does not allow rollover, you may need to resolve any outstanding issues before proceeding.
  Configuration Review: Consult with your SAP configuration team to review the settings related to loan rollovers. Adjustments may be needed in the configuration to allow rollovers for specific loan types.
  Regulatory Compliance Check: Ensure that the rollover complies with any applicable regulations. If there are legal restrictions, you may need to explore alternative solutions.
  Consult Documentation: Review SAP documentation or help resources for specific guidelines related to consumer loans and rollover processes.
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide updates to the system that could resolve the issue.
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that pertain to loan management, such as those for loan creation, modification, and status checks.
  User Roles and Permissions: Ensure that the user attempting the rollover has the necessary permissions to perform this action in the system.
  
  If the issue persists after checking these areas, it may be beneficial to engage with SAP support or your internal IT team for further assistance.