{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/860/50/#15-scope-and-scope-exceptions","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":"860-50","subtopic_title":"Servicing Assets and Liabilities","section":{"number":"15","label":"15 Scope and Scope Exceptions","anchor":"15-scope-and-scope-exceptions","is_sec":false,"groups":[{"block":null,"heading":"Overall Guidance","paragraphs":[{"citation":"860-50-15-1","para":"15-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">This Subtopic has its own discrete scope, which is separate and distinct from the pervasive scope for this Topic as outlined in Section <a altsource=\"GUID-A484470F-6CA0-4A2E-A612-129C6123E6B4.ditamap\" class=\"ditamap\">860-10-15</a>.</div></div>","snippet":"This Subtopic has its own discrete scope, which is separate and distinct from the pervasive scope for this Topic as outlined in Section 860-10-15.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f48868114803bd34abe950120001961bd28c678d15024ebad6160eb63a775751","downloaded_from":"2026-09-10T02:08:08.417Z","last_downloaded_at":"2026-09-10T02:08:08.417Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481437","source_sha256":"293ad4dce10fa7e5a67d0a0c10b7134afdb5a74b6664f859efdb8c1a4382cfe4"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:332d153fd9c3ef333b1b10d217adc3904afb50d8759f6def465b3942b4b56d90","downloaded_from":"2026-09-10T02:08:08.417Z","last_downloaded_at":"2026-09-10T02:08:08.417Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481437","source_sha256":"293ad4dce10fa7e5a67d0a0c10b7134afdb5a74b6664f859efdb8c1a4382cfe4"}},{"block":null,"heading":"Entities","paragraphs":[{"citation":"860-50-15-2","para":"15-2","html":"<div class=\"asc-body\"><div class=\"norm-text\">The guidance in this Subtopic applies to all entities.</div></div>","snippet":"The guidance in this Subtopic applies to all entities.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cdf77a66f4bc65adb049918d539ebf18ef7a3fbcfb47ec5931251ed6b6c0aaee","downloaded_from":"2026-09-10T02:08:08.417Z","last_downloaded_at":"2026-09-10T02:08:08.417Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481437","source_sha256":"293ad4dce10fa7e5a67d0a0c10b7134afdb5a74b6664f859efdb8c1a4382cfe4"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7752bc83e5903cfc9e34dbd8a0c157c187e38d7cab913d81348addd0b866becd","downloaded_from":"2026-09-10T02:08:08.417Z","last_downloaded_at":"2026-09-10T02:08:08.417Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481437","source_sha256":"293ad4dce10fa7e5a67d0a0c10b7134afdb5a74b6664f859efdb8c1a4382cfe4"}},{"block":null,"heading":"Transactions","paragraphs":[{"citation":"860-50-15-3","para":"15-3","html":"<div class=\"asc-body\"><div class=\"norm-text\">The guidance in this Subtopic applies to transactions in which <a href=\"/glossary/s/#servicing-assets\" class=\"term\" title=\"A contract to service financial assets under which the benefits of servicing are expected to more than adequately compensate the servicer for performing the servicing. A servicing contract is either: Undertaken in conjunction with selling or securitizing the financial assets being serviced Purchased or assumed separately.\"><span>servicing assets</span></a> are obtained and <a href=\"/glossary/s/#servicing-liabilities\" class=\"term\" title=\"A contract to service financial assets under which the estimated future revenues from contractually specified servicing fees, late charges, and other ancillary revenues (benefits of servicing) are not expected to adequately compensate the servicer for performing the servicing.\"><span>servicing liabilities</span></a> are incurred, including <span class=\"sfragment\" id=\"sfr_FA894334-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">transactions in which loans are transferred with servicing retained by the <a href=\"/glossary/t/#transferor\" class=\"term\" title=\"An entity that transfers a financial asset, an interest in a financial asset, or a group of financial assets that it controls to another entity.\"><span>transferor</span></a>. The guidance in this Subtopic also applies to transactions in which servicing assets are transferred with loans retained by the transferor. </span></span></div></div>","snippet":"The guidance in this Subtopic applies to transactions in which servicing assets are obtained and servicing liabilities are incurred, including transactions in which loans are transferred with servicing retained by the tr…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8a6d165631a41df6c053dcdc4dce9ac146ad70a231deb3f0d4ea4e3af66922b0","downloaded_from":"2026-09-10T02:08:08.417Z","last_downloaded_at":"2026-09-10T02:08:08.417Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481437","source_sha256":"293ad4dce10fa7e5a67d0a0c10b7134afdb5a74b6664f859efdb8c1a4382cfe4"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8e04bc4e1681c087f2b5b0802c4e6767a0bb079acc1c1abf0d60c2653db81725","downloaded_from":"2026-09-10T02:08:08.417Z","last_downloaded_at":"2026-09-10T02:08:08.417Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481437","source_sha256":"293ad4dce10fa7e5a67d0a0c10b7134afdb5a74b6664f859efdb8c1a4382cfe4"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a7de36e5b0c892bda419ab990395d85252e59f61b1dbbe1f5bd53a218f7a7f73","downloaded_from":"2026-09-10T02:08:08.417Z","last_downloaded_at":"2026-09-10T02:08:08.417Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481437","source_sha256":"293ad4dce10fa7e5a67d0a0c10b7134afdb5a74b6664f859efdb8c1a4382cfe4"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a7de36e5b0c892bda419ab990395d85252e59f61b1dbbe1f5bd53a218f7a7f73","downloaded_from":"2026-09-10T02:08:08.417Z","last_downloaded_at":"2026-09-10T02:08:08.417Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481437","source_sha256":"293ad4dce10fa7e5a67d0a0c10b7134afdb5a74b6664f859efdb8c1a4382cfe4"}}