# ASC 470-30-15: Debt — Participating Mortgage Loans — 15 Scope and Scope Exceptions

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/470/30/#15-scope-and-scope-exceptions)

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## ASC 470-30-15: 15 Scope and Scope Exceptions

[Read section](https://asc.understandingaccounting.org/asc/470/30/#15-scope-and-scope-exceptions)

SEC content: no

#### Entities

##### [470-30-15-1](https://asc.understandingaccounting.org/asc/470/30/#470-30-15-1)

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The guidance in this Subtopic applies to the following entities:

1.  a
    
    All borrowers in participating mortgage loan arrangements.

##### [470-30-15-2](https://asc.understandingaccounting.org/asc/470/30/#470-30-15-2)

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The guidance in this Subtopic does not apply to the following entities:

1.  a
    
    Creditors in participating mortgage loan arrangements.

#### Transactions

##### [470-30-15-3](https://asc.understandingaccounting.org/asc/470/30/#470-30-15-3)

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The guidance in this Subtopic does not apply to the following transactions and activities:

1.  a
    
    Participating leases
    
2.  b
    
    Debt convertible at the option of the lender into equity ownership of the property
    
3.  c
    
    Participating loans resulting from troubled debt restructurings.