Lease and Finance Management - EBS (MOSC)

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R12.1.2 OLFM Manual Termination Quote with Quote Reson Repossession does not display Repossession fi

edited Jul 15, 2010 5:55AM in Lease and Finance Management - EBS (MOSC) 1 commentAnswered
Does anyone have documentation of what steps are required in R12.1.2 for OLFM Quote Type:  Termination - Manual Without Purchase with Quote Reason:  Repossession - for the system to display the "Repossession" field as Yes on the Termination Quote Summary Page?
The termination Quote Status is Completed.  The repossession was done on a Direct Finance Lease.  The Asset Return information has been updated with the following information:
  • Return Status = Return
  • Date Returned = 30-Apr-2010
  • Repossession Agent = AP Vendor selected from LOV
  • Repossession Date Returned = 30-Apr-2010
  • Repossession Voluntary = Yes
  • Repossession Actual Date = 30-Apr-2010
The Return Request forms will not allow me to change the return status to "Repossessed".  I would like this asset repossessed so that the asset 'repossessed' information appears on the Lease Center Collections Form.

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