How To Fix 67_LOAN653 - Status transfer for product type &1 is not maintained in Customizing

67_LOAN653 - Overview

• Message type: E = Error

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

• Message number: 653

• Message text: Status transfer for product type &1 is not maintained in Customizing

What causes this issue?

The required (next) status for the loan product type does not exist in
Customizing. In particular, the status transfer from status 0 to xx
also needs to be maintained.

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?

Status transfers can be maintained in Customizing under <ZK> Loans
Management -> Transaction Management -> Product Types -> Company
Code-Dependent Settings for Product Type</>.

Error message extract from SAP system. Copyright SAP SE.

67_LOAN653 - Details

• The SAP error message 67_LOAN653 indicates that there is an issue with the status transfer for a specific product type in the context of loan processing. This error typically arises when the system cannot find the necessary configuration for the status transfer of the specified product type in the Customizing settings.
  
  Cause:
  The primary cause of this error is that the status transfer for the specified product type (denoted by &1 in the error message) has not been defined or maintained in the SAP Customizing settings. This can happen if:
  
  The product type has not been properly configured in the system.
  The necessary status transfer settings have not been set up for the product type.
  There may be a missing entry in the relevant configuration tables.
  
  
  Solution:
  To resolve this error, you need to ensure that the status transfer for the specified product type is properly maintained in the Customizing settings. Here are the steps to do