A loan that has been re-classified due to nonconformance with the terms of the loan, specifically if loan interest has not been paid for 90 days, at which point it must be converted to "cash-basis" status. Loans backed by collateral, such as mortgages and some installment loans, typically don't convert to cash basis status.
Related information about non-accrual loan:
- What is non-accrual loan? - BusinessDictionary.com
Definition of non-accrual loan: Non-performing loan on which interest is overdue and full collection of principal is uncertain. According to typical banking ...
- What is non-accrual loan? - InvestorWords.com
Definition of non-accrual loan: A loan that has been re-classified due to nonconformance with the terms of the loan, specifically if loan interest has not been paid ...
- Non-Accrual Loan - Financial Dictionary - The Free Dictionary
A loan on which the lender is not generating the expected interest rate due to non -payment. A loan is classified as nonaccrual if no principal or interest has been ...
- What is a Non-Performing Loan?
This type of loan is also sometimes known as a non-accrual loan or simply a doubtful loan. The terms under which a loan can be described as non-performing ...
- Non-Accrual Loan Policy for Wilshire_Bancorp (WIBC)
Mar 12, 2009 ... Non-Accrual Loan Policy. Interest on loans is credited to income as earned and is accrued only if deemed collectible. Accrual of interest is ...
- OCC: Appeal of Policy on Accounting Treatment For Cash Received ...
To conclude that an error occurred, the bank must demonstrate for each non- accrual loan, based upon the facts and circumstances existing at the time the ...
- Primatics Financial - Evolv Suite Loan Accounting
Transactions (purchase and sales, pay down, non-accrual, loan split/combination , portfolio transfer etc.) Accounting entries (amortization, LOCOM etc.) ...
- HR 1723.IH - Bill Text - 112th Congress (2011-2012) - THOMAS ...
... other provision of law or regulatory guidance, an insured depository institution that would otherwise be required to treat a loan as a non-accrual loan may treat ...