[Mifos-issues] [JIRA] (MIFOSX-582) Support for Automatic Penalties/Late Fees

[Ed Cable (JIRA)]

Title: Message Title

Ed Cable created an issue   Mifos X / MIFOSX-582 Support for Automatic Penalties/Late Fees Issue Type: New Feature Assignee: Unassigned Attachments: automated_penalty.jpg Created: 28/Jul/13 10:39 PM Labels: mifos2x-parity Priority: Minor Reporter: Ed Cable In Mifos 2.x, we had support for automatic late fees/penalties. This feature was extensively scoped out by Chetan based on the uses cases of nearly 10 MFIs. He spec'd out a very general and flexible implementation that we should re-implement: For loan products you can define and automatically apply late penalties for overdue payments. You can configure this as a fixed fee or or calculated as a percentage of: Overdue Amount Due Outstanding Loan Amount Outstanding Principalor Overdue Principal. Late fees can be applied one-time or recur on a daily, weekly, or monthly basis. http://mifosforge.jira.com/wiki/display/MIFOS/Functional+Spec+Automatic+Application+of+Late+Payments+Penalties Add Comment   This message is automatically generated by JIRA. If you think it was sent incorrectly, please contact your JIRA administrators For more information on JIRA, see: http://www.atlassian.com/software/jira

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