Action Taken When the DTC Sets

WARNING: This page is about a different car, the 2009 GMC Sierra, 2009 GMC Cab & Chassis Sierra, 2009 Chevrolet Silverado, and 2009 Chevrolet Cab & Chassis Silverado. However, it is still accessible from the selected car via links, so may be relevant.

Range is inhibited, and the driver is required to use the gear selector to re-select the range.
DTC P0701 is stored in TCM history.
The TCM does not illuminate the malfunction indicator lamp (MIL).
The TCM inhibits Torque Converter Clutch (TCC) operation.