How To Fix FVD_LOS066 - Specify frequency in days, months, or years in condition type &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_LOS - Message Class for Loan Origination

• Message number: 066

• Message text: Specify frequency in days, months, or years in condition type &1

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FVD_LOS066 - Specify frequency in days, months, or years in condition type &1 ?

  The SAP error message FVD_LOS066 indicates that there is an issue with the frequency specification in a condition type within the SAP system. This error typically arises in the context of financial transactions, particularly in the area of loan management or similar financial products where conditions are defined for payment schedules, interest calculations, or other periodic activities.
  Cause:
  The error occurs when a condition type is defined without a proper frequency specification. The system expects the frequency to be specified in terms of days, months, or years, but it is either missing or incorrectly formatted. This can happen due to:
  
  Incomplete Configuration: The condition type may not have been fully configured, leading to missing frequency details.
  User Input Error: During the creation or modification of a condition, the user may have failed to enter the frequency correctly.
  Data Migration Issues: If data was migrated from another system, the frequency might not have been mapped correctly.
  
  Solution:
  To resolve the error, you can take the following steps:
  
  
  Check Condition Type Configuration:
  
  Navigate to the configuration settings for the relevant condition type in the SAP system.
  Ensure that the frequency is defined correctly in terms of days, months, or years.
  
  
  
  Review Transaction Data:
  
  If the error occurs during a specific transaction, review the details of that transaction.
  Ensure that all required fields, especially the frequency field, are filled out correctly.
  
  
  
  Correct User Input:
  
  If the error is due to user input, correct the frequency specification in the relevant transaction or condition record.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for guidance on how to properly set up condition types and their frequencies.
  
  
  
  Testing:
  
  After making the necessary corrections, test the transaction again to ensure that the error has been resolved.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like SPRO (for configuration) or FVD1 (for loan management) to access the relevant settings.
  SAP Notes: Check for any SAP Notes related to this error message for additional insights or patches that may address the issue.
  User Roles: Ensure that the user has the appropriate permissions to modify condition types and related settings.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a technical consultant who can provide further assistance.