Adam Saghy created FINERACT-2229:
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Summary: Incorrect repayment schedule after full Merchant issued
refund
Key: FINERACT-2229
URL: https://issues.apache.org/jira/browse/FINERACT-2229
Project: Apache Fineract
Issue Type: Bug
Reporter: Adam Saghy
*Loan product: *
progressive, interest bearing, interest: 12.23%, number of repayment: 24,
MERCHANT_ISSUED_REFUND in future payment allocation is LAST_INSTALLMENT,
INTEREST_REFUND in future payment allocation is LAST_INTALLMENT, automatically
create interest refund for MERCHANT_ISSUED_REFUND
*Steps:*
- Create, Approve, and Disburse Loan for $1383 on Mar 28, 2025
- Increase business date to next day (Mar 29, 2025) and run COB
- Create Merchant Issued full refund $1383 for Mar 29, 2025
*Expectation:*
- Interest refund allocated to interest
- Loan is fully paid off with no outstanding amount.
*Actual:*
- Interest refund allocated to principal
- Loan shows current balance as zero, but repayment schedule shows outstanding
amount of 0.45.
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