How To Fix FVD_COND_VERIFIER060 - Verification not possible; no product type specified for loan

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_COND_VERIFIER - Condition Verifier

• Message number: 060

• Message text: Verification not possible; no product type specified for loan

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FVD_COND_VERIFIER060 - Verification not possible; no product type specified for loan ?

  The SAP error message FVD_COND_VERIFIER060 indicates that the system is unable to perform a verification because no product type has been specified for a loan. This error typically occurs in the context of financial services, particularly in modules related to loans and credit management.
  Cause:
  The primary cause of this error is that the system requires a specific product type to be defined for the loan in question, but it has not been provided. This can happen due to several reasons:
  
  Missing Configuration: The product type for the loan may not have been configured in the system.
  Incorrect Data Entry: The loan application or transaction may have been entered without specifying the product type.
  System Settings: There may be issues with the system settings or parameters that prevent the product type from being recognized.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Product Type Configuration:
  
  Navigate to the configuration settings for loan products in your SAP system.
  Ensure that the relevant product types are defined and active.
  
  
  
  Review Loan Data:
  
  Check the loan application or transaction data to ensure that a product type has been specified.
  If it is missing, update the loan record to include the appropriate product type.
  
  
  
  Consult Documentation:
  
  Refer to the SAP documentation or help files related to loan processing to understand the requirements for product types.
  
  
  
  System Settings:
  
  If the issue persists, check the system settings or parameters that might affect the recognition of product types.
  You may need to consult with your SAP Basis or technical team to ensure that the system is configured correctly.
  
  
  
  Testing:
  
  After making the necessary changes, test the loan processing again to ensure that the error has been resolved.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that pertain to loan processing and product type configuration (e.g., FSP0, FSP1).
  SAP Notes: Check for any SAP Notes related to this error message for additional guidance or patches that may address the issue.
  User Roles: Ensure that the user has the necessary permissions to access and modify loan product types in the system.
  
  If the problem continues after following these steps, it may be beneficial to reach out to SAP support or your internal IT team for further assistance.