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Recovery methods After that loan is charged down, organizations must precisely report any collections that are subsequent the mortgage.

Jan 20, 2021
Recovery methods After that loan is charged down, organizations must precisely report any collections that are subsequent the mortgage.

9 Typically, some or most of such collections are reported as recoveries towards the ALLL. The total amount credited to the ALLL as recoveries on an individual loan (which may have included principal, finance charges, and fees) may exceed the amount previously charged off against the ALLL on that loan (which may have been limited […]

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