{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/810/948/#sec-40-derecognition","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":"810","topic_title":"Consolidation","subtopic":"810-948","subtopic_title":"Financial Services—Mortgage Banking","section":{"number":"S40","label":"SEC 40 Derecognition","anchor":"sec-40-derecognition","is_sec":true,"groups":[{"block":null,"heading":"Certain Transfers of Financial Assets that Do Not Fall Within the Scope of Topic 860","paragraphs":[{"citation":"810-948-S40-1","para":"S40-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_185929D6-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">See paragraph <a href=\"/asc/810/942/#810-942-S99-1\" class=\"xref\">942-810-S99-1</a>, SAB Topic 5.V, for SEC Staff views on the accounting for certain transfers of financial assets that do not fall within the scope of Topic <a altsource=\"GUID-E53370AF-0D20-4F9A-BBE9-2A4A9016D32F.ditamap\" class=\"ditamap\">860</a>. </span></span></div></div>","snippet":"See paragraph 942-810-S99-1, SAB Topic 5.V, for SEC Staff views on the accounting for certain transfers of financial assets that do not fall within the scope of Topic 860.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b19117b50480db3c08e84cae8c722c1e8b6dbefbe89580e329268c7bd15d88ba","downloaded_from":"2026-09-10T01:32:28.245Z","last_downloaded_at":"2026-09-10T01:32:28.245Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478651","source_sha256":"7f1f66965dd8ee803b5e091325c10bf6b814f725dd2fc28ca0ef8b4520dd2fa7"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7018f75fc85c65195236dadd770b615056539a09827217d32cf0776524ef4b9b","downloaded_from":"2026-09-10T01:32:28.245Z","last_downloaded_at":"2026-09-10T01:32:28.245Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478651","source_sha256":"7f1f66965dd8ee803b5e091325c10bf6b814f725dd2fc28ca0ef8b4520dd2fa7"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:78f1266dac4cfb379b9557b3468f7d2a03ef5967c77710235af7a36c249a4986","downloaded_from":"2026-09-10T01:32:28.245Z","last_downloaded_at":"2026-09-10T01:32:28.245Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478651","source_sha256":"7f1f66965dd8ee803b5e091325c10bf6b814f725dd2fc28ca0ef8b4520dd2fa7"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:78f1266dac4cfb379b9557b3468f7d2a03ef5967c77710235af7a36c249a4986","downloaded_from":"2026-09-10T01:32:28.245Z","last_downloaded_at":"2026-09-10T01:32:28.245Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478651","source_sha256":"7f1f66965dd8ee803b5e091325c10bf6b814f725dd2fc28ca0ef8b4520dd2fa7"}}