Non-Accrual and Charged-Off Loan Policy
This Non-Accrual and Charged-Off Loan Policy Template addresses the classification and accounting treatment of non-accrual and charged-off loans of a bank, credit union, fintech company, or other type of financial institution.
Table of Contents
- Purpose and Contents – Topic 1
- Policy Statement – Topic 2
- Special Assets Committee – Topic 3
- Uniform Policy Guidelines – Topic 4
- Problem Loan Identification Guidelines – Topic 5
- Problem Loan Identification Procedures – Topic 6
- Impaired Loan Identification – Topic 7
- Troubled Debt Restructuring and Loan Workout Programs – Topic 8
- Watch List Addition Procedures – Topic 9
- Non-Accrual Loans – Regulatory Accounting Treatment – Topic 10
- Charged-Off Loans – Topic 11
- Debt Sale Arrangements – Topic 12
- Audit Policy – Topic 13
- Staff Training – Topic 14
- Retention of Documentation – Topic 15
Recent updates to this product:
Joint Press Release – Agencies Finalize Policy Statement on Commercial Real Estate Loan Accommodations and Workouts
Eliminate references to allowance for lease and loan losses (ALLL) which was replaced by current expected credit losses (CECL).
OCC Bulletin 2022-20 – Accounting: Bank Advisory Series Updated – Accounting Standards Update (ASU) 2022-02 – “Financial Instruments – Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures”
This Non-Accrual and Charged-Off Loan Policy Template (approximately 56 pages) is available to purchase from BankPolicies.com in Microsoft® Word format.
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