{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/310/40/#sec-99-sec-materials","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":"310-40","subtopic_title":"Troubled Debt Restructurings by Creditors","section":{"number":"S99","label":"SEC 99 SEC Materials","anchor":"sec-99-sec-materials","is_sec":true,"groups":[{"block":null,"heading":"SEC Staff Guidance","paragraphs":[{"citation":"310-40-S99-1","para":"S99-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">The following is the text of SEC Observer Comment: Applicability of the Disclosures Required by Topic <a altsource=\"GUID-848F1C96-68A0-4270-A4CD-D7487E1B0F3B.ditamap\" class=\"ditamap\">310</a> when a Loan is Restructured in a Troubled Debt Restructuring into Two (or More) Loans.<ul class=\"ul simple\" id=\"d3e78105-122709__GUID-F4EA9AA2-57CE-453E-B94E-45B99EA60F42\"><li class=\"li\" id=\"d3e78105-122709__SL6379857-122709\"><div class=\"p\"><span class=\"sfragment\" id=\"sfr_639C288D-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Paragraph <a href=\"/asc/310/40/#310-40-50-5\" class=\"xref\">310-40-50-5</a> states that when a loan is restructured in a troubled debt restructuring into two (or more) loan agreements, the restructured loans should be considered separately when assessing the applicability of the disclosures in paragraphs <a href=\"/asc/310/10/#310-10-50-15\" class=\"xref\">310-10-50-15(a) and (c)</a> in years after the restructuring because they are legally distinct from the original loan. The creditor would continue to base its measure of loan impairment on the contractual terms specified by the original loan agreement in accordance with paragraphs <div class=\"xref-range displayInline\"><a href=\"/asc/310/10/#310-10-35-20\" class=\"xref\">310-10-35-20 through 35-30</a></div>. The SEC staff is concerned that disclosures of impaired loans after loans are restructured in troubled debt restructurings into multiple loan structures might, in some circumstances, imply that the quality of the loan portfolio had improved solely as a result of the troubled debt restructurings. Accordingly, the SEC staff believes that registrants should make clear to the users of the financial statements the impact of the multiple loan structures on the impaired loan disclosures. </span></span></div></li></ul></div></div>","snippet":"The following is the text of SEC Observer Comment: Applicability of the Disclosures Required by Topic 310 when a Loan is Restructured in a Troubled Debt Restructuring into Two (or More) Loans.\nParagraph 310-40-50-5 state…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1dc1378f333228fd95ebbdd10c092b6c28b37301fa52bc6180ef939d2d8bfc1e","downloaded_from":"2026-09-09T23:27:46.251Z","last_downloaded_at":"2026-09-09T23:27:46.251Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480357","source_sha256":"3d931d6c3184d732c11910997d79a1b20c5fd173d5a41ad436d3d226ada95039"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6408b934abe5fe55e91a3e10c11747016f44f79d1fd035374714f161777acac9","downloaded_from":"2026-09-09T23:27:46.251Z","last_downloaded_at":"2026-09-09T23:27:46.251Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480357","source_sha256":"3d931d6c3184d732c11910997d79a1b20c5fd173d5a41ad436d3d226ada95039"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8f0c585c118440e119dce04cf5cce2ab2bfe4062c8ead1930c6e48c8161ba72f","downloaded_from":"2026-09-09T23:27:46.251Z","last_downloaded_at":"2026-09-09T23:27:46.251Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480357","source_sha256":"3d931d6c3184d732c11910997d79a1b20c5fd173d5a41ad436d3d226ada95039"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8f0c585c118440e119dce04cf5cce2ab2bfe4062c8ead1930c6e48c8161ba72f","downloaded_from":"2026-09-09T23:27:46.251Z","last_downloaded_at":"2026-09-09T23:27:46.251Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480357","source_sha256":"3d931d6c3184d732c11910997d79a1b20c5fd173d5a41ad436d3d226ada95039"}}