Amount of Foreclosed and Repossessed Assets - RE

Acct Code

Description

Tip for pulling data stored in CU*BASE

798A1

Report the amount of Real Estate loans in foreclosure or repossession in each category

NCUA Recommended Chart of Accounts series 700.

This account code was removed by the NCUA in March 2022.

The preferred method is to auto-populate this data by G/L if foreclosed and repossessed assets are stored in general ledger account(s).

If tracked manually by your collections department, refer to your internal reports.

One or more automation routines are available for this Account Code. Click $images\ebx_543273246.gif$ to select from the available routines and configure the data.

The NCUA provides detailed descriptions on the Call Report Account Codes in their comprehensive Call Report Instructions available with the current Call Report on the http://www.ncua.gov website.

For more information about the 5300 Call Report Software, open the book.