How To Fix FVD_LOCAC702 - Gross disbursement amount exceeds the limit for LOC &1: Save only

FVD_LOCAC702 - Overview

• Message type: E = Error

• Message class: FVD_LOCAC - Messages for Loan Core Account

• Message number: 702

• Message text: Gross disbursement amount exceeds the limit for LOC &1: Save only

What causes this issue?

The gross disbursement amount exceeds the limit of the line of credit.

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

System Response

The system does not activate or post the disbursement but only saves it.

How to fix this error?

If necessary, reduce the disbursement amount and activate or post the
disbursement again.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FVD_LOCAC702 - Gross disbursement amount exceeds the limit for LOC &1: Save only ?

  The SAP error message FVD_LOCAC702 indicates that the gross disbursement amount exceeds the limit set for a specific line of credit (LOC) in the system. This error typically occurs in the context of financial transactions, particularly in the area of credit management or loan disbursements.
  
  Cause:
  
  Exceeding Credit Limit: The primary cause of this error is that the amount you are trying to disburse exceeds the predefined limit for the line of credit associated with the transaction.
  Configuration Settings: The limits for disbursements may be configured in the system based on business rules, risk assessments, or regulatory requirements.
  Incorrect Data Entry: There may be a possibility of incorrect data entry, where the amount entered is higher than intended.
  
  
  Solution:
  
  Review the Credit Limit: Check the line of credit settings in the SAP system to confirm the maximum allowable disbursement amount. This can usually be found in the credit management or loan management module.
  Adjust the Disbursement Amount: