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Policy Statement on Prudent Commercial Real Estate Loan Workouts
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10/30/2009
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Description:The financial regulators recognize that prudent commercial real estate (CRE) loan workouts are often in the best interest of financial institutions and creditworthy CRE borrowers. The attached guidance focuses on the elements of prudent workout programs. It also provides illustrations of the analytical review process to ensure the credit risk in a loan workout is accurately identified and the arrangements receive appropriate regulatory reporting and accounting treatment.
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Release Date:10/30/2009
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Agencies Involved:Federal Deposit Insurance Corporation (FDIC)
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Source:FDIC Website
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Memorandum To:FDIC-Supervised Banks (Commercial and Savings)
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FIL Number:FIL-61-2009
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