Adam Saghy created FINERACT-2886:
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Summary: ReAge on end of month resulting in incorrect schedule
Key: FINERACT-2886
URL: https://issues.apache.org/jira/browse/FINERACT-2886
Project: Apache Fineract
Issue Type: Bug
Components: Loan
Affects Versions: 1.15.0
Reporter: Adam Saghy
Assignee: Adam Saghy
Fix For: 1.16.0
ReAgeing pay monthly loans on the last day of the month 30/31st results in
incorrect payment schedule once we hit february.
All future installments after 2/28 change to 28th day of month instead of last
day of month
Steps to replicate
# Create a payment monthly account with/without interest for 3 or 6 months
with start date of 9/1/26 (or any start date)
# Disburse the loan the same day
# ReAge the loan to 12 monthly installments with a startDate of 10/31 &
reAgeInterestHandling = EQUAL_AMORTIZATION_PAYABLE_INTEREST
Expectation :
New installments with due dates on 10/31, 11/30, 12/31, 1/31, 2/28 or 29, 3/31,
4/30, 5/31, etc
Actual
New installments with due dates on 10/31, 11/30, 12/31, 1/31, 2/28, 3/28, 4/28,
5/28, etc.
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