[
https://issues.apache.org/jira/browse/FINERACT-1721?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel
]
Mihaly Dallos updated FINERACT-1721:
------------------------------------
Fix Version/s: 1.9.0
> Loan Delinquency Classification
> -------------------------------
>
> Key: FINERACT-1721
> URL: https://issues.apache.org/jira/browse/FINERACT-1721
> Project: Apache Fineract
> Issue Type: New Feature
> Reporter: Mihaly Dallos
> Assignee: Mihaly Dallos
> Priority: Major
> Labels: PepperSoup
> Fix For: 1.9.0
>
>
> h2. *Loan Delinquency Classification and bucket configuration*
> Loans which aren't payed back can be differentiated by how long they are
> overdue. These ranges are called Delinquency buckets.
> When the delinquency bucket is configured at the product level, there should
> be a verification at certain period to check and update the loan account’s
> {{delinquency classification field}} according to the configuration done at
> the loan product level.
> *Notes/Validations:*
> * certain time period configuration should be flexible, user should be able
> to set it to run daily, or run weekly.
> * when none of the product configured bucket values matches, system should
> set the {{delinquency classification field}} to null at the loan account level
> A new field to be introduced at the Loan Account level called "Loan
> Delinquency Classification". At the product level, a new configuration is
> needed with Overdue days range (min and max) and the corresponding
> classification name. This attribute to be displayed both on the screen and in
> the Get Loan APIs.{*}{*}
> h3. *Delinquency Classification Job*
> A new daily batch job (or step) should be introduced to update the
> delinquency buckets of the overdue loan daily. With each day overdue is aging
> and bucket update may be needed.
> h3. *Real time update*
> When a loan account receives credits on the overdue outstanding payments,
> his/her bucket may change with that. Delinquency classification of the loan
> should be checked and correct in Real-time when new transactions are made on
> the loan account
--
This message was sent by Atlassian Jira
(v8.20.10#820010)
