How To Fix FVD_LOCAC063 - Loan &1 &2 is not a Line of Credit

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_LOCAC - Messages for Loan Core Account

• Message number: 063

• Message text: Loan &1 &2 is not a Line of Credit

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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FVD_LOCAC063 - Loan &1 &2 is not a Line of Credit ?

  The SAP error message FVD_LOCAC063 indicates that the loan specified (identified by &1 and &2) is not recognized as a Line of Credit in the system. This error typically arises in the context of financial transactions involving loans and credit management within the SAP system, particularly in the Financial Services sector.
  Cause:
  
  Incorrect Loan Type: The loan referenced may not be set up as a Line of Credit in the system. It could be categorized differently (e.g., term loan, installment loan).
  Configuration Issues: The configuration settings in the SAP system may not correctly define the loan as a Line of Credit.
  Data Entry Errors: There may be a mistake in the data entry, such as incorrect loan identifiers or parameters.
  Master Data Issues: The master data for the loan may not be properly maintained, leading to the system not recognizing it as a Line of Credit.
  
  Solution:
  
  Verify Loan Type: Check the loan type in the system to ensure it is correctly classified as a Line of Credit. You can do this by reviewing the loan master data.
  Review Configuration: Consult with your SAP configuration team to ensure that the loan product is set up correctly in the system. This includes checking the product type and associated settings.
  Correct Data Entry: If the error is due to incorrect data entry, ensure that the correct loan identifiers are being used in the transaction.
  Update Master Data: If the master data is incorrect or incomplete, update it to reflect the correct classification of the loan.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on handling this error message.
  
  Related Information:
  
  Transaction Codes: You may need to use specific transaction codes to access loan master data or configuration settings, such as FSP0 (for loan master data) or SPRO (for configuration).
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  User Roles: Ensure that the user has the appropriate permissions to view and modify loan data.
  Testing: After making changes, conduct tests to ensure that the error no longer occurs and that the loan functions as expected.
  
  If the issue persists after following these steps, it may be beneficial to engage with SAP support or your internal IT team for further assistance.