{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/310/20/#15-scope-and-scope-exceptions","source":"FASB Accounting Standards Codification, Basic View","usage":"Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective.","topic":"310","topic_title":"Receivables","subtopic":"310-20","subtopic_title":"Nonrefundable Fees and Other Costs","section":{"number":"15","label":"15 Scope and Scope Exceptions","anchor":"15-scope-and-scope-exceptions","is_sec":false,"groups":[{"block":null,"heading":"Entities","paragraphs":[{"citation":"310-20-15-1","para":"15-1","html":"
The guidance in this Subtopic applies to entities as follows:
  1. a
    All paragraphs apply to both lenders and purchasers.
  2. b
    Subparagraph superseded by Accounting Standards Update No. 2016-02.
","snippet":"The guidance in this Subtopic applies to entities as follows:\n(a) All paragraphs apply to both lenders and purchasers.\n(b) Subparagraph superseded by Accounting Standards Update No. 2016-02.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:143322d503c0870e9bdba76cb792f0b3ef67073e3c88ece7d91877f7da9c1bf9","downloaded_from":"2026-09-09T23:25:50.283Z","last_downloaded_at":"2026-09-09T23:25:50.283Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481767","source_sha256":"e8ecbe68b8d5621d951794d22b6a7d993f0ac8f07c831651e070298ca613c98f"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2f50679d42da1579999e7e1b0638ed00073f6950b840e94e57cdac021cdcc7ac","downloaded_from":"2026-09-09T23:25:50.283Z","last_downloaded_at":"2026-09-09T23:25:50.283Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481767","source_sha256":"e8ecbe68b8d5621d951794d22b6a7d993f0ac8f07c831651e070298ca613c98f"}},{"block":null,"heading":"Transactions","paragraphs":[{"citation":"310-20-15-2","para":"15-2","html":"
The guidance in this Subtopic explicitly includes the following transactions:
  1. a
    The recognition and the balance sheet classification of nonrefundable fees and costs associated with lending activities
  2. b
    The accounting for discounts, premiums, and commitment fees associated with the purchase of loans and other debt securities such as corporate bonds, Treasury notes and bonds, groups of loans, and loan-backed securities (such as pass-through certificates, collateralized mortgage obligations, and other so-called securitized loans)
  3. c
    Loans designated as a hedged item in a fair value hedge under Topic 815 (see paragraphs
    815-25-35-10 through 35-11
    ).
","snippet":"The guidance in this Subtopic explicitly includes the following transactions:\n(a) The recognition and the balance sheet classification of nonrefundable fees and costs associated with lending activities\n(b) The accounting…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1b743f15218edb90cf6063e1ab75eb864ed237a4aa2a6939b5e3f4973d991001","downloaded_from":"2026-09-09T23:25:50.283Z","last_downloaded_at":"2026-09-09T23:25:50.283Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481767","source_sha256":"e8ecbe68b8d5621d951794d22b6a7d993f0ac8f07c831651e070298ca613c98f"}},{"citation":"310-20-15-3","para":"15-3","html":"
The guidance in this Subtopic does not apply to the following transactions:
  1. a
    Loan origination or commitment fees that are refundable; however, the guidance in this Subtopic does apply when such fees subsequently become nonrefundable.
  2. b
    Costs that are incurred by the lender in transactions with independent third parties if the lender bills those costs directly to the borrower.
  3. c
    Nonrefundable fees and costs associated with originating or acquiring loans that are carried at fair value if the changes in fair value are included in earnings of a business entity or change in net assets of a not-for-profit entity (NFP). The exclusion provided in this paragraph and the preceding paragraph applies to nonrefundable fees and costs associated with originating loans that are reported at fair value and premiums or discounts associated with acquiring loans that are reported at fair value. Loans that are reported at amortized cost basis or the lower of amortized cost basis or fair value, loans or debt securities reported at fair value with changes in fair value reported in other comprehensive income (includes financial assets subject to prepayment as defined in paragraph 860-20-35-2, and debt securities classified as available-for-sale under Topic 320), and loans that have a market interest rate, or adjust to a market interest rate, are not considered to be loans carried at fair value.
  4. d
    Fees and costs related to a commitment to originate, sell, or purchase loans that is accounted for as a derivative instrument under Subtopic 815-10.
  5. e
    Fees and costs related to a standby commitment to purchase loans if the settlement date of that commitment is not within a reasonable period or the entity does not have the intent and ability to accept delivery without selling assets. For guidance on fees and costs related to such a commitment, see paragraph 310-10-30-7.
","snippet":"The guidance in this Subtopic does not apply to the following transactions:\n(a) Loan origination or commitment fees that are refundable; however, the guidance in this Subtopic does apply when such fees subsequently becom…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9ecf5641f7ada00c23cd94239b19f005f6b36f4ac3144a9eaaa59adbcdaa5129","downloaded_from":"2026-09-09T23:25:50.283Z","last_downloaded_at":"2026-09-09T23:25:50.283Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481767","source_sha256":"e8ecbe68b8d5621d951794d22b6a7d993f0ac8f07c831651e070298ca613c98f"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:078da63fcebfcf6e5ccdc4dc2d7db3eb24332ebe96e72942892137486a65e026","downloaded_from":"2026-09-09T23:25:50.283Z","last_downloaded_at":"2026-09-09T23:25:50.283Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481767","source_sha256":"e8ecbe68b8d5621d951794d22b6a7d993f0ac8f07c831651e070298ca613c98f"}},{"block":null,"heading":"Instruments","paragraphs":[{"citation":"310-20-15-4","para":"15-4","html":"
The following table outlines the applicability of this Subtopic to various types of assets.
","snippet":"The following table outlines the applicability of this Subtopic to various types of assets.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:efcbf4beed50545109679df3bed0770d69cab022b1e1245075d5790e06ff1d9e","downloaded_from":"2026-09-09T23:25:50.283Z","last_downloaded_at":"2026-09-09T23:25:50.283Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481767","source_sha256":"e8ecbe68b8d5621d951794d22b6a7d993f0ac8f07c831651e070298ca613c98f"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9b1985500cda85df17b488d272f5a8734aa4620dc6a73c6332d0405765b720c0","downloaded_from":"2026-09-09T23:25:50.283Z","last_downloaded_at":"2026-09-09T23:25:50.283Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481767","source_sha256":"e8ecbe68b8d5621d951794d22b6a7d993f0ac8f07c831651e070298ca613c98f"}},{"block":null,"heading":"Other Considerations","paragraphs":[{"citation":"310-20-15-5","para":"15-5","html":"
This guidance in this Subtopic shall be applied to individual loan contracts. Aggregation of similar loans for purposes of recognizing net fees or costs and purchase premiums or discounts is permitted if the provisions of paragraph 310-20-35-26 are met or if the resulting recognition does not differ materially from the amount that would have been recognized on an individual loan-by-loan basis.
","snippet":"This guidance in this Subtopic shall be applied to individual loan contracts. Aggregation of similar loans for purposes of recognizing net fees or costs and purchase premiums or discounts is permitted if the provisions o…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f2ce4caddd86bb5fc1a2468e2507533fe21817ca21df30869ae489c7b788b593","downloaded_from":"2026-09-09T23:25:50.283Z","last_downloaded_at":"2026-09-09T23:25:50.283Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481767","source_sha256":"e8ecbe68b8d5621d951794d22b6a7d993f0ac8f07c831651e070298ca613c98f"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:65cc6b391edd0d4777c4f0881fbf23dafa9fa525bc9c0dbc096f05afac5936de","downloaded_from":"2026-09-09T23:25:50.283Z","last_downloaded_at":"2026-09-09T23:25:50.283Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481767","source_sha256":"e8ecbe68b8d5621d951794d22b6a7d993f0ac8f07c831651e070298ca613c98f"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0ef121ca62319e37ca2d965479e0fcaa99869726bd30a95760fed272235d833e","downloaded_from":"2026-09-09T23:25:50.283Z","last_downloaded_at":"2026-09-09T23:25:50.283Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481767","source_sha256":"e8ecbe68b8d5621d951794d22b6a7d993f0ac8f07c831651e070298ca613c98f"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0ef121ca62319e37ca2d965479e0fcaa99869726bd30a95760fed272235d833e","downloaded_from":"2026-09-09T23:25:50.283Z","last_downloaded_at":"2026-09-09T23:25:50.283Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481767","source_sha256":"e8ecbe68b8d5621d951794d22b6a7d993f0ac8f07c831651e070298ca613c98f"}}