How To Fix FVD_LOAN_WAIVE006 - &1 not possible for status &2

FVD_LOAN_WAIVE006 - Overview

• Message type: E = Error

• Message class: FVD_LOAN_WAIVE - CML: Message class for Withdrawal, Reduction and Reactivate

• Message number: 006

• Message text: &1 not possible for status &2

Self-Explanatory Message

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FVD_LOAN_WAIVE006 - Details

• The SAP error message FVD_LOAN_WAIVE006 typically relates to the loan waiver process in the SAP Financial Services module, particularly in the context of managing loans and their statuses. The error message indicates that a waiver action is not possible due to the current status of the loan.
  
  Cause:
  The error message FVD_LOAN_WAIVE006 occurs when an attempt is made to waive a loan that is in a status that does not allow for waiving. Common statuses that might trigger this error include:
  
  Closed: The loan has already been settled or closed.
  Defaulted: The loan is in default, and specific rules may prevent waiving.
  Pending: The loan is still in a pending state and cannot be modified.
  Written Off: The loan has already been written off, making it ineligible for further waiving.
  
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Loan Status: Review the current status of the loan in question. You can do this by navigating