{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/860/10/#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":"860","topic_title":"Transfers and Servicing","subtopic":"860-10","subtopic_title":"Overall","section":{"number":"S40","label":"SEC 40 Derecognition","anchor":"sec-40-derecognition","is_sec":true,"groups":[{"block":null,"heading":"Sale of Mortgage Servicing Rights with a Subservicing Agreement","paragraphs":[{"citation":"860-10-S40-1","para":"S40-1","html":"See paragraph 860-10-S99-1, SEC Observer Comment: Treatment of a Sale of Mortgage Servicing Rights with a Subservicing Agreement, for SEC Staff views on such transactions. See paragraph 942-810-S99-1, SAB Topic 5.V, for SEC Staff views on accounting and disclosure for certain transfers of financial assets that do not fall within the scope of Topic 860.