Servicing Director Payment Processing Error: Formal Parameter not Declared Output Parameter

Servicing Director Payment Processing Error: Formal Parameter not Declared Output Parameter

The formal parameter “@dt_pmbt_EffectiveDate” was not declared as an OUTPUT parameter, but the actual parameter passed in requested output. 


Root Cause:

When processing a regular payment in the payment processing module, the error may occur. 

This error should only occur if the loan is set up with an invalid combination of Interest Method (arrears) and P&I Type (Interest Only).
 

This is viewable and editable in the Customer Service Module > Payment and Payment Change screens

 

It is not possible to set a loan up this way in the application, so this loan would have had to be imported through some custom process


Workaround:

Change the Interest Method and P and I Type of this loan to be a valid combination.

ArticleNumber:

000040662