How To Fix FVD_REPAY074 - Due date is earlier than a payoff/notice that has already been activated

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_REPAY - Messages for Payoff

• Message number: 074

• Message text: Due date is earlier than a payoff/notice that has already been activated

What causes this issue?

The payoff and notice due dates must follow on from one another.

System Response

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

How to fix this error?

Reverse the payoff or notice that clashes, or adjust the due date.

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_REPAY074 - Due date is earlier than a payoff/notice that has already been activated ?

  The SAP error message FVD_REPAY074 indicates that there is a conflict with the due date of a repayment or notice that has already been activated. This typically occurs in the context of financial transactions, such as loan repayments or notices related to financial agreements.
  Cause:
  The error arises when:
  
  A new due date is being set that is earlier than an existing activated payoff or notice.
  The system is trying to process a transaction that conflicts with the existing schedule of payments or notices.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Existing Notices/Payoffs:
  
  Review the activated payoffs or notices in the system to identify their due dates.
  Ensure that the new due date you are trying to set is not earlier than any of the existing activated notices.
  
  
  
  Adjust Due Dates:
  
  If necessary, adjust the due date of the new transaction to be later than the existing activated notices.
  Alternatively, if the existing notices are no longer relevant, consider deactivating or modifying them if your business process allows.
  
  
  
  Consult Documentation:
  
  Refer to the SAP documentation or user manuals related to your specific module (e.g., SAP Financial Services) for detailed guidance on handling due dates and notices.
  
  
  
  Contact Support:
  
  If you are unable to resolve the issue, consider reaching out to your SAP support team or consulting with an SAP expert who can provide assistance based on your specific configuration and business processes.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes that may help you navigate through notices and payoffs, such as FVD1 (Create Notice) or FVD2 (Change Notice).
  Configuration Settings: Review the configuration settings in your SAP system that pertain to loan management or financial agreements, as these may influence how due dates are handled.
  User Roles and Permissions: Ensure that you have the necessary permissions to make changes to notices and payoffs, as restrictions may prevent you from modifying certain entries.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.