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http://mifosforge.jira.com/browse/MIFOS-5565?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel
]
Lukasz Chudy updated MIFOS-5565:
--------------------------------
Fix Version/s: (was: Vinolia I)
Release J
> Late Payment Penalty : Grace Period should apply to every installment
> ---------------------------------------------------------------------
>
> Key: MIFOS-5565
> URL: http://mifosforge.jira.com/browse/MIFOS-5565
> Project: mifos
> Issue Type: Bug
> Components: Loan Account
> Affects Versions: 2.3.0-RC1, 2.3.0-GA
> Reporter: Chetan Bekkinkeri
> Priority: Major
> Labels: Latefee, Penalty
> Fix For: Release J
>
>
> Currently the grace period for penalty application applies at the loan
> account level. But the grace period should apply to every installment.
> Sample Use case
> Current Behavior :
> For a weekly repayment schedule, with penalty application of daily frequency
> Payment due Date: 04/11/2012
> Grace period : 3 days
> Account unpaid. Batch job run on 04/12/2012 will not add any penalty since
> grace period in effect
> Account unpaid till 04/19/2012
> Batch job runs on 04/19/2012 -- penalty calculated and applied for payments
> due on 04/11/2012 and also for payments due to 04/18/2012
> Expected behavior : Penalty is applied only for the installment due on
> 04/11/2012. for the payments due on 04/18/2012, the grace period should be in
> effect and no penalty should be calculated.
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