1. WFP User Guide
  2. Units
  3. Units Screen
  4. Status Change sub tab

6.2.7 Status Change sub tab

To change the status of a unit
  1. On the Oracle Financial Services Lending and Leasing home screen, click WFP > WFP > Units > Status Change.
  2. In the Producers section, select the producer with the units you want to work with.
  3. In the Credit Lines section, select the active credit line with the units you want to work with.
  4. In the Units section, select the unit you want to work with.

    The Status Change section allows enables you to change the status of the unit.

    The following are the possible status change combinations:

    Table 6-6 Status change combinations

    From Status To Status Validations/prerequisites
    PENDING ACTIVE None
    PENDING VOID None
    ACTIVE CHARGE OFF None
    ACTIVE PAID Balances should be zero or less than the tolerance
    ACTIVE PENDING There should be no payments against the Unit. Making the unit status pending would make all the balances zero.
    PAID ACTIVE None
    CHARGE OFF ACTIVE None

    Note:

    Once the status becomes VOID, it cannot be changed to any other status.
  5. In the Status Change section, enter the following information:

    Table 6-7 Status change section

    In this field Do this
    New Status Select the new status for the unit (required).
    Effective Dt

    Enter the effective date of status. This defaults to current date. This cannot be less than:

    The last billing date

    -or-

    The unit contract date, whichever is greater.

    This cannot be a future date (required).
    Reason Select the reason for changing the status of the unit (required).
    Comment Enter any comments related to the status change (optional).
  6. In the Status section, click Post to apply the new status on the unit.

Parent topic: Units Screen