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https://issues.apache.org/jira/browse/FINERACT-167?page=com.atlassian.jira.plugin.system.issuetabpanels:comment-tabpanel&focusedCommentId=15318280#comment-15318280
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ASF GitHub Bot commented on FINERACT-167:
-----------------------------------------
GitHub user Vishwa1311 opened a pull request:
https://github.com/apache/incubator-fineract/pull/130
[FINERACT-167] Loan foreclosure implementation and integration test cases
for the same.
You can merge this pull request into a Git repository by running:
$ git pull https://github.com/Vishwa1311/incubator-fineract FINERACT-167
Alternatively you can review and apply these changes as the patch at:
https://github.com/apache/incubator-fineract/pull/130.patch
To close this pull request, make a commit to your master/trunk branch
with (at least) the following in the commit message:
This closes #130
----
commit 4f7680f986559d7513d72fb8dcbb6e8c1d0f38f6
Author: Vishwa <vishwan...@confluxtechnologies.com>
Date: 2016-06-07T08:41:38Z
[FINERACT-167] Loan foreclosure implementation and integration test cases
for the same.
----
> 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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