How To Fix FVD_REPAY201 - Rescission was created for this loan; processing is locked

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_REPAY - Messages for Payoff

• Message number: 201

• Message text: Rescission was created for this loan; processing is locked

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.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FVD_REPAY201 - Rescission was created for this loan; processing is locked ?

  The SAP error message FVD_REPAY201 indicates that a rescission (cancellation or reversal) has been created for a loan, and as a result, the processing of that loan is locked. This typically occurs in financial applications where transactions need to be consistent and cannot be modified while a rescission is in process.
  Cause:
  
  Rescission Created: A rescission has been initiated for the loan, which means that the loan is in a state where it cannot be processed further until the rescission is fully handled.
  Locking Mechanism: The system employs a locking mechanism to prevent changes to the loan while the rescission is being processed. This is to ensure data integrity and prevent conflicting transactions.
  
  Solution:
  
  Check Rescission Status: Verify the status of the rescission. You may need to check if the rescission is still in process or if it has been completed.
  Complete the Rescission: If the rescission is pending, you may need to complete or finalize it. This could involve confirming the rescission or processing any necessary adjustments.
  Unlock the Loan: Once the rescission is processed, the lock on the loan should be released automatically. If it does not, you may need to consult with your SAP administrator or support team to manually unlock the loan.
  Review Transaction Logs: Check transaction logs or history to understand what actions led to the creation of the rescission and ensure that all necessary steps have been taken to resolve it.
  
  Related Information:
  
  SAP Documentation: Refer to the SAP documentation for your specific version to understand the details of loan processing and rescission handling.
  Transaction Codes: Familiarize yourself with relevant transaction codes that may help you navigate loan processing and rescission management in SAP.
  Support: If the issue persists, consider reaching out to SAP support or your internal IT team for assistance, as they may have more specific tools or insights into your system's configuration.
  
  Preventive Measures:
  
  Training: Ensure that users involved in loan processing are adequately trained on the implications of rescissions and the locking mechanisms in place.
  Process Review: Regularly review loan processing workflows to identify any potential issues that could lead to unnecessary rescissions or processing locks.
  
  By following these steps, you should be able to resolve the error and continue processing the loan as needed.