Vishwanath R created FINERACT-167:
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Summary: Implementation of loan foreclosure functionality
Key: FINERACT-167
URL: https://issues.apache.org/jira/browse/FINERACT-167
Project: Apache Fineract
Issue Type: New Feature
Components: Loan
Reporter: Vishwanath R
Assignee: Markus Geiss
On foreclosure of the active loan application, the following things should
happen,
1) Repay total loan outstanding principal amount.
2) Repay total Interest amount (accrued and due) till Foreclosure date.
3) Repay total Fee, Charges or Penalties due, if any till Foreclosure date.
4) Accounting entries will be made as per product configuration for interest
and loan portfolio payments.
5) Future installment Interest, Fee, Charge, or Penalty, if any, is waived off
(there won’t be any accounting entries for these transactions).
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