Topic: Troubled Debt Restructuring (TDR)
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NCUA: Supervisory Letter No. 13-02 Examiner Review of Loan Workouts, Nonaccruals and Regulatory Reporting of Troubled Debt Restructured Loans, (March 2013)
This NCUA guidance elaborates on TDR issues, and offers a very helpful TDR decision flow chart.
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NCUA: Letter to Credit Unions No. 13-02 – Examiner Review of Loan Workouts, Nonaccruals and Regulatory Reporting of Troubled Debt Restructured Loans (March 2013)
This Supervisory Letter provides guidance for evaluating whether credit unions are following applicable regulatory requirements in administering a sound loan workout program. This guidance establishes a uniform examination approach to […]
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FFIEC: Uniform Retail Credit Classification and Account Management Policy (65 FR 36903 June 12, 2000)
A credit union’s written loan workout policy must establish sound controls to ensure loan workout actions are appropriately structured. The NCUA suggests that in developing the written policy, the credit […]
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B037 Simple Interest Deferral and Extension Agreements
This release describes the use of deferral agreements on simple interest loans.
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FASB: Update No. 2011-02—Receivables (Topic 310): A Creditor’s Determination of Whether a Restructuring Is a Troubled Debt Restructuring. (April 2011)
“Troubled Debt Restructuring,” as defined in GAAP, means a restructuring in which a CU, for economic or legal reasons related to a member borrower’s financial difficulties, grants a concession to […]
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FASB: Statements
The FASB establishes the standards of financial accounting and reporting. The Financial Accounting Standards Board is one of the authoritative sources of Generally Accepted Accounting Principles (GAAP) recognized by the […]
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NCUA: Letter to Credit Unions No. 03-CU-01 – Loan Charge-off Guidance (January 2003)
This letter is intended to provide guidance on the systematic charge off of uncollectible loans. NCUA recommends the board ratify all delegated charge offs. The manager should refer loans not […]
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B072 NCUA IRPS: Loan Workouts, Nonaccrual Policy, and Regulatory Reporting of Troubled Debt Restructured Loans
The National Credit Union Administration (NCUA) has finalized a requirement for federally-insured credit unions to maintain written policies that address the management of loan workout arrangements and nonaccrual standards for […]
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NCUA: 12 CFR 741_Appendix B
Requirements for Insurance 12 CFR 741_Appendix B – Interpretive Ruling and Policy Statement on Loan Workouts, Nonaccrual Policy, and Regulatory Reporting of Troubled Debt Restructured Loans. This Interpretive Ruling and […]