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https://issues.apache.org/jira/browse/FINERACT-1573?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel
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John Woodlock closed FINERACT-1573.
-----------------------------------
> Credit Balance Refund loan transaction
> --------------------------------------
>
> Key: FINERACT-1573
> URL: https://issues.apache.org/jira/browse/FINERACT-1573
> Project: Apache Fineract
> Issue Type: New Feature
> Components: Loan
> Affects Versions: 1.7.0
> Reporter: John Woodlock
> Assignee: John Woodlock
> Priority: Major
> Fix For: 1.7.0
>
>
> This transaction records an overpaid amount that has been returned to the
> customer.
> If any accounting option is chosen at loan product level then:
> Debit: Loans Receivable
> Credit: Over Payments
> Reversal/Adjustment is required (using existing api
> loans/\{loanId}/transactions/\{transactionId})
>
> *Main Rules*
> The loan must be in Overpaid status and the refund Amount must be >0 and <=
> the loan total_overpaid_derived amount
> If the refund is partial the loan will remain in Overpaid status and the loan
> total_overpaid_derived reduced accordingly.
> For a full refund (amount = loan total_overpaid_derived) the loan status will
> be changed to Closed Obligation Met.
>
> *Other Rules*
> The intention is to record the refund transaction with the least validation
> possible. Holiday/Working Days restrictions are not considered. Nor is the
> active/inactive status of the client/group.
> However, the Refund Date being After the Last Repayment is enforced.
>
> *API Definition* is:
> {{POST
> /loans/\{loanID}/transactions?command=creditBalanceRefund{color:#7a869a}
> {color}}}
> {\{{}}
> {{ "transactionAmount": "1394.06",}}
> {{ "transactionDate": "09 March 2022",}}
> {{ "locale": "en",}}
> {{ "dateFormat": "dd MMMM yyyy",}}
> {{ }}
> {{ "externalId": "ext43434343" #optional}}
> {{ }}
> {{ #payment details not supported}}
> {{}}}
> {{ }}
>
> The template (for UI convenience) is
> GET /loans/\{loanId}/transactions/template?command=creditBalanceRefund
> {\{{}}
> {{ "type": {}}
> {{ "id": 20,}}
> {{ "code": "loanTransactionType.creditBalanceRefund",}}
> {{ "value": "Credit Balance Refund",}}
> {{ "disbursement": false,}}
> {{ "repaymentAtDisbursement": false,}}
> {{ "repayment": false,}}
> {{ "contra": false,}}
> {{ "waiveInterest": false,}}
> {{ "waiveCharges": false,}}
> {{ "accrual": false,}}
> {{ "writeOff": false,}}
> {{ "recoveryRepayment": false,}}
> {{ "initiateTransfer": false,}}
> {{ "approveTransfer": false,}}
> {{ "withdrawTransfer": false,}}
> {{ "rejectTransfer": false,}}
> {{ "chargePayment": false,}}
> {{ "refund": false,}}
> {{ "refundForActiveLoans": false,}}
> {{ "creditBalanceRefund": true}}
> {{ },}}
> {{ "date": [}}
> {{ 2022,}}
> {{ 4,}}
> {{ 12}}
> {{ ],}}
> {{ "currency": {}}
> {{ "code": "USD",}}
> {{ "name": "US Dollar",}}
> {{ "decimalPlaces": 2,}}
> {{ "inMultiplesOf": 0,}}
> {{ "displaySymbol": "$",}}
> {{ "nameCode": "currency.USD",}}
> {{ "displayLabel": "US Dollar ($)"}}
> {{ },}}
> {{ "amount": 5000.000000,}}
> {{ "manuallyReversed": false,}}
> {{ "numberOfRepayments": 0}}
> {{}}}
>
>
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