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  1. Apache Fineract
  2. FINERACT-2042

Chargeback custom distribution

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Details

    • New Feature
    • Status: Resolved
    • Major
    • Resolution: Fixed
    • None
    • 1.10.0
    • None

    Description

      Goal

      The existing chargeback capability within the Fineract supports only the principal portion amount as a chargeback amount. It needs to be enhanced to support all amount allocations( Charge, Interest, Penalty, and Principal) based on the transaction allocation from which the chargeback is raised.

      Requirements

      1. Chargeback amount portioning (to the next installment or the N+1 installment) will be done from the repayment that is being chargebacked
        1. ex: if the repayment of $100($10- charge $90-principal) is chargeback then the next installment $10 charge portion and $90 principal portion will be added
      1. Chargebacks should also create a new charge which is due at the time of initiation of the chargeback and not reversal of the previous charge that would result in the customer being delinquent since the date of the original transaction. For example if a chargeback results in a new charge being due, the due date and delinquency evaluation period of that begins from the date of the chargeback. 
      1. Should support the configurability of the Advanced allocation rules for the chargeback transaction type
      1. Configuration should be at the product level in which order to allocate

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            mdallos Mihaly Dallos
            mdallos Mihaly Dallos
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            Dates

              Created:
              Updated:
              Resolved: