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#2125146 - 04/05/17 04:48 PM Refi a TDR Loan to Non-TDR Loan
Duke Offline
100 Club
Joined: Apr 2005
Posts: 151
North Eastern CA
Can we refi a TDR loan into a non-TDR loan if they qualify for the new loan? and what guidance is out there to be able do that?



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Lending Compliance
#2125151 - 04/05/17 05:04 PM Re: Refi a TDR Loan to Non-TDR Loan Duke
HRH Okie Banker Offline
Power Poster
Joined: Jan 2003
Posts: 3,070
"New" can be another word for "restructure". I'd look to: Accounting Standards Update (ASU) No. 2011-02, “Receivables (Topic 310): A Creditor’s Determination of Whether a Restructuring Is a Troubled Debt Restructuring,” to assist in making your decision.

You might also look for the OCC Bulletin 2012 "Troubled Debt Restructings" of April 5, 2012 Supervisory Guidance on Accounting and Reporting Requirements.
Just working here until I get my letter from Hogwarts.

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