How To Fix FVD_REPAY198 - Maximum net payoff amount has changed

FVD_REPAY198 - Overview

• Message type: E = Error

• Message class: FVD_REPAY - Messages for Payoff

• Message number: 198

• Message text: Maximum net payoff amount has changed

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

What causes this issue?

Changes have been made to the loan since the payoff was last processed
meaning that the maximum payoff amount on the due date has changed. The
payoff has not yet been activated.

System Response

How to fix this error?

You need to make the appropriate adjustments in the payoff, such as
reduce the net payoff amount.

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_REPAY198 - Maximum net payoff amount has changed ?

  The SAP error message FVD_REPAY198 with the description "Maximum net payoff amount has changed" typically occurs in the context of financial transactions, particularly in the area of loan management or repayment processing. This error indicates that the maximum net payoff amount for a loan or financial product has been altered, which can affect the repayment process.
  
  Cause:
  
  Change in Loan Terms: The maximum net payoff amount may have been updated due to changes in loan terms, interest rates, or other financial conditions.
  Data Entry Errors: Incorrect data entry during the loan setup or repayment process can lead to discrepancies in the expected payoff amount.
  System Configuration Changes: Changes in system settings or configurations related to loan management can also trigger this error.
  Currency Fluctuations: If the loan is in a foreign currency, fluctuations in exchange rates may affect the net payoff amount.
  
  
  Solution:
  
  Verify Loan Details: Check the loan details in the system to ensure that the