How To Fix FVD_REPAY112 - You may not enter the payment method for product type &1

FVD_REPAY112 - Overview

• Message type: E = Error

• Message class: FVD_REPAY - Messages for Payoff

• Message number: 112

• Message text: You may not enter the payment method for product type &1

What causes this issue?

There is no open item management for loans taken, loans with payment
request, or loans not managed on the basis of customer accounts.
Consequently the customer account-based payment functions are not
released and the payment method cannot be used.

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?

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

FVD_REPAY112 - Details

• The SAP error message FVD_REPAY112 indicates that there is an issue with entering a payment method for a specific product type in the context of financial transactions, particularly in the area of loan management or financial services.
  
  Cause:
  The error typically arises when:
  
  The payment method you are trying to enter is not allowed for the specified product type (indicated by &1).
  The configuration settings in the system do not permit the use of that payment method for the given product type.
  There may be missing or incorrect settings in the product type configuration or payment method configuration.
  
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Product Type Configuration:
  
  Go to the configuration settings for the product type in question. Ensure that the payment method you are trying to use is allowed for that product type.
  You can check this in the SAP Customizing Implementation Guide (IMG) under the relevant financial services or loan management settings.
  
  
  
  Review