Skip to:

  1. Skip to Jira Navigation
  2. Skip to Side Navigation
  3. Skip to Main Content

Late Payment Penalty : Grace Period should apply to every installment

Test Steps

Currently the grace period for penalty application applies at the loan account level. But the grace period should apply to every installment.
Test case:
1. Create a loan with weekly repayment schedule.( e.g payment due date 04.11.2012, grace period 3 days)
2. Add penalty of daily frequency
3. Do not apply any payment till 04/19/2012
4. Check if penalty is not calculated and applied for payments due on 04/11/2012 and also for payments due to 04/18/2012.

Expected Result

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.

Activity

Show:

Details

Assignee

Reporter

Automation

Automated

Test Level

Acceptance/UI

Time remaining

0m

Components

Priority

Created November 19, 2012 at 9:05 AM
Updated November 19, 2012 at 3:31 PM