How To Fix FVD_DISB060 - Loan &1 does not have contract status yet

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_DISB - Messages for Disbursement

• Message number: 060

• Message text: Loan &1 does not have contract status yet

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.

Unfortunately, there isn't any extra information in this error notice.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

Smart SAP Assistant

• What is the cause and solution for SAP error message FVD_DISB060 - Loan &1 does not have contract status yet ?

  The SAP error message FVD_DISB060 indicates that a loan (identified by the loan number &1) does not have a contract status yet. This typically occurs in the context of financial transactions involving loans, where certain operations cannot be performed until the loan has been fully established and has a valid contract status.
  Cause:
  
  Loan Not Fully Processed: The loan may not have been fully processed or approved in the system. This could be due to missing documentation or incomplete data entry.
  Contract Status Not Updated: The contract status for the loan may not have been updated in the system, possibly due to a system error or oversight.
  Timing Issues: The loan might have been created recently, and the system has not yet updated its status.
  Configuration Issues: There may be configuration issues in the SAP system that prevent the loan from being assigned a contract status.
  
  Solution:
  
  Check Loan Status: Verify the status of the loan in the system. Ensure that all necessary steps have been completed for the loan to be processed.
  Complete Required Documentation: Ensure that all required documentation and approvals are in place. If any documents are missing, provide them to the relevant department.
  Update Contract Status: If the loan is supposed to have a contract status, check if there is a manual process to update it. This may involve running a specific transaction or report in SAP.
  Consult with IT Support: If the issue persists, consult with your IT support team or SAP administrator to check for any system errors or configuration issues that may be affecting the loan processing.
  Review Configuration: If you have access, review the configuration settings related to loan processing in the SAP system to ensure they are set up correctly.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that pertain to loan processing, such as FVD1 (Create Loan), FVD2 (Change Loan), and FVD3 (Display Loan).
  Documentation: Refer to SAP documentation or user manuals specific to your organization for detailed procedures on loan processing.
  User Roles: Ensure that you have the appropriate user roles and permissions to perform the necessary actions related to loan processing in SAP.
  
  If the problem continues after following these steps, it may be beneficial to escalate the issue to a higher level of support within your organization or consult SAP support for further assistance.