SAP Message 67_LOAN653 - Status transfer for product type &1 is not maintained in Customizing

Diagnosis The required (next) status for the loan product type does not exist inCustomizing. In particular, the status transfer from status 0 to xxalso needs to be maintained. Procedure Status transfers can be maintained in Customizing under LoansManagement -> Transaction Management -> Product Types -> CompanyCode-Dependent Settings for Product Type.