[jira] [Commented] (FINERACT-167) Implementation of loan foreclosure functionality

["ASF GitHub Bot (JIRA)" <ji...@apache.org>]

    [ https://issues.apache.org/jira/browse/FINERACT-167?page=com.atlassian.jira.plugin.system.issuetabpanels:comment-tabpanel&focusedCommentId=15318280#comment-15318280 ] 

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 <vi...@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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