# ASC 810-948-S40: Consolidation — Financial Services—Mortgage Banking — SEC 40 Derecognition

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/810/948/#sec-40-derecognition)

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## ASC 810-948-S40: SEC 40 Derecognition

[Read section](https://asc.understandingaccounting.org/asc/810/948/#sec-40-derecognition)

SEC content: yes

#### Certain Transfers of Financial Assets that Do Not Fall Within the Scope of Topic 860

##### [810-948-S40-1](https://asc.understandingaccounting.org/asc/810/948/#810-948-S40-1)

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See paragraph [942-810-S99-1](https://asc.understandingaccounting.org/asc/810/942/#810-942-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.