Loan Workouts, Nonaccrual Policy, and Regulatory Reporting of Troubled Debt Restructuring Loans

Financial Institutions

December 31, 2015
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Many federally insured credit unions worked with members and offered sensible workout loans.  As the volume of these loans increased, the National Credit Union Association’s (NCUA’s) reporting requirements created practical challenges for the industry.  In order to respond to feedback from the industry and to reduce regulatory burden, NCUA issued an amendment to Rules and Regulations Part 741.3 and added Appendix C to part 741 –Interpretive Ruling and Policy Statement on Loan Workouts, Nonaccrual Policy, and Regulatory Reporting of Troubled Debt Restructuring Loans.  
 

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