diff --git a/fineract-investor/src/main/java/org/apache/fineract/investor/service/ExternalAssetOwnersWriteServiceImpl.java b/fineract-investor/src/main/java/org/apache/fineract/investor/service/ExternalAssetOwnersWriteServiceImpl.java
index ad54875d1..043cdada8 100644
--- a/fineract-investor/src/main/java/org/apache/fineract/investor/service/ExternalAssetOwnersWriteServiceImpl.java
+++ b/fineract-investor/src/main/java/org/apache/fineract/investor/service/ExternalAssetOwnersWriteServiceImpl.java
@@ -40,6 +40,7 @@ import org.apache.fineract.infrastructure.core.data.CommandProcessingResultBuild
 import org.apache.fineract.infrastructure.core.data.DataValidatorBuilder;
 import org.apache.fineract.infrastructure.core.data.LoanIdAndExternalIdData;
 import org.apache.fineract.infrastructure.core.domain.ExternalId;
+import org.apache.fineract.infrastructure.core.exception.PlatformApiDataValidationException;
 import org.apache.fineract.infrastructure.core.serialization.FromJsonHelper;
 import org.apache.fineract.infrastructure.core.serialization.JsonParserHelper;
 import org.apache.fineract.infrastructure.core.service.ExternalIdFactory;
@@ -208,6 +209,11 @@ public class ExternalAssetOwnersWriteServiceImpl implements ExternalAssetOwnersW
 
         LocalDate settlementDate = fromApiJsonHelper.extractLocalDateNamed(ExternalTransferRequestParameters.SETTLEMENT_DATE, json);
         baseDataValidator.reset().parameter(ExternalTransferRequestParameters.SETTLEMENT_DATE).value(settlementDate).notNull();
+
+        if (!dataValidationErrors.isEmpty()) {
+            throw new PlatformApiDataValidationException("validation.msg.validation.errors.exist", "Validation errors exist.",
+                    dataValidationErrors);
+        }
     }
 
     private LocalDate getSettlementDateFromJson(JsonElement json) {