# ASC 860-10-S40: Transfers and Servicing — Overall — SEC 40 Derecognition

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/860/10/#sec-40-derecognition)

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## ASC 860-10-S40: SEC 40 Derecognition

[Read section](https://asc.understandingaccounting.org/asc/860/10/#sec-40-derecognition)

SEC content: yes

#### Sale of Mortgage Servicing Rights with a Subservicing Agreement

##### [860-10-S40-1](https://asc.understandingaccounting.org/asc/860/10/#860-10-S40-1)

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See paragraph [860-10-S99-1](https://asc.understandingaccounting.org/asc/860/10/#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.

#### Transfer of Certain Nonperforming Assets by Distribution to Shareholders or a Contribution of Assets to Unrelated Third Parties

##### [860-10-S40-2](https://asc.understandingaccounting.org/asc/860/10/#860-10-S40-2)

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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 accounting and disclosure for certain transfers of financial assets that do not fall within the scope of Topic 860.