How To Fix FVD_LOCAC704 - Gross disbursement amount exceeds the limit in line of credit &1

FVD_LOCAC704 - Overview

• Message type: E = Error

• Message class: FVD_LOCAC - Messages for Loan Core Account

• Message number: 704

• Message text: Gross disbursement amount exceeds the limit in line of credit &1

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

What causes this issue?

The tolerated
<DS:DE.TB_COMP_TOTAL_CREDIT_LINE>limit</> for the line of credit has
been exceeded as a result of the disbursement.

What causes this issue?

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

What causes this issue?

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

What causes this issue?

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FVD_LOCAC704 - Gross disbursement amount exceeds the limit in line of credit &1 ?

  The SAP error message FVD_LOCAC704 indicates that the gross disbursement amount you are trying to process exceeds the limit set for a specific line of credit. This error typically occurs in the context of financial transactions involving credit lines, such as loans or credit facilities.
  
  Cause:
  
  Exceeding Credit Limit: The primary cause of this error is that the amount you are attempting to disburse exceeds the maximum allowable limit defined for the line of credit associated with the transaction.
  
  Configuration Issues: There may be configuration settings in the SAP system that define the limits for various credit lines, which may not be aligned with the intended transaction.
  Incorrect Data Entry: The amount entered for the disbursement may have been incorrectly inputted, leading to an amount that exceeds the limit.
  Changes in Credit Terms: If there have been recent changes to the credit terms or limits, the system may not have been updated accordingly.
  
  
  Solution:
  
  Verify Credit Limit: