How To Fix FVD_CANCRES027 - Rescission has not yet been entered for loan contract &1

FVD_CANCRES027 - Overview

• Message type: E = Error

• Message class: FVD_CANCRES - Messages for Rescission / Withdrawal

• Message number: 027

• Message text: Rescission has not yet been entered for loan contract &1

Self-Explanatory Message

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FVD_CANCRES027 - Details

• The SAP error message FVD_CANCRES027 indicates that a rescission (cancellation) has not yet been entered for a specific loan contract. This error typically arises in the context of financial services, particularly in loan management within the SAP system.
  
  Cause:
  The error occurs when a user attempts to perform an action related to a loan contract that requires a rescission to be recorded first. This could happen in scenarios such as:
  
  Attempting to cancel a loan contract without having formally rescinded it.
  Trying to process a transaction that is contingent upon the rescission being recorded.
  
  
  Solution:
  To resolve this error, you need to ensure that a rescission is properly entered for the loan contract in question. Here are the steps you can take:
  
  
  Check Loan Contract Status: Verify the status of the loan contract to confirm whether it is eligible for rescission.
  
  
  Enter Rescission:
  
  Navigate to the appropriate transaction in SAP for entering a rescission for the loan contract.
  Ensure that