How To Fix FVD_REPAY126 - An activated full payoff exists for this loan

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_REPAY - Messages for Payoff

• Message number: 126

• Message text: An activated full payoff exists for this loan

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FVD_REPAY126 - An activated full payoff exists for this loan ?

  The SAP error message FVD_REPAY126 indicates that there is an activated full payoff for a loan, which means that the system has already recorded a full repayment for that loan. This situation typically arises when you attempt to process a repayment or a transaction that conflicts with an existing full payoff record.
  Cause:
  
  Existing Full Payoff: The primary cause of this error is that a full payoff has already been activated for the loan in question. This means that the loan has been marked as fully repaid, and any further repayment attempts are not allowed.
  Incorrect Transaction: You may be trying to execute a transaction that is not valid for a loan that has already been fully paid off.
  Data Entry Error: There might be a mistake in the loan number or details being entered, leading to confusion with another loan that is still active.
  
  Solution:
  
  Verify Loan Status: Check the status of the loan in the system to confirm whether it has indeed been fully paid off. You can do this by reviewing the loan details in the SAP system.
  Review Transactions: Ensure that you are not trying to process a repayment for a loan that has already been marked as fully paid. If you need to make adjustments, you may need to reverse the full payoff (if applicable) or create a new loan if necessary.
  Consult Documentation: Refer to your organization's documentation or SAP help resources for specific procedures related to loan management and repayments.
  Contact Support: If you believe this message is appearing in error, or if you need to make changes to the loan status, contact your SAP support team or system administrator for assistance.
  
  Related Information:
  
  SAP Modules: This error is typically related to the SAP Financial Services (FS) module, particularly in the context of loan management and repayment processing.
  Transaction Codes: Familiarize yourself with relevant transaction codes that can help you navigate loan management, such as:
  
  FVD1: Create Loan
  FVD2: Change Loan
  FVD3: Display Loan
  FVD_REPAY: Repayment Processing
  
  
  Documentation: Review SAP notes and documentation related to loan processing and error handling for more detailed guidance.
  
  By following these steps, you should be able to resolve the error and understand the implications of the full payoff status on the loan in question.