How To Fix FVD_REPAY155 - Notice is within the rescission period

FVD_REPAY155 - Overview

• Message type: E = Error

• Message class: FVD_REPAY - Messages for Payoff

• Message number: 155

• Message text: Notice is within the rescission period

What causes this issue?

Notice has been given within the rescission period for the loan.

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

System Response

How to fix this error?

Check whether a rescission could be processed here instead.

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_REPAY155 - Notice is within the rescission period ?

  The SAP error message FVD_REPAY155 with the notice "Notice is within the rescission period" typically occurs in the context of financial transactions, particularly in the area of loan management or contract management within SAP's Financial Services module. This error indicates that a notice related to a financial transaction (like a loan repayment or contract termination) is being processed during a period where the transaction can still be rescinded or canceled.
  
  Cause:
  
  Rescission Period: The rescission period is a defined timeframe during which a borrower or customer can cancel or rescind a financial agreement without penalty. If an action is attempted during this period, the system will prevent it to protect the rights of the customer.
  Transaction Timing: The timing of the transaction or notice may fall within this rescission period, which is typically set based on regulatory requirements or business rules.
  
  
  Solution:
  
  Check Rescission Period: Review the details of the transaction to confirm if it