Amount of Foreclosed and Repossessed Assets - Autos
Acct Code |
Description |
Tip for pulling data stored in CU*BASE |
798A2 |
Report the amount of automobile loans in foreclosure or repossession. 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. |
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One or more automation routines are available for this Account Code. Click to select from the available routines and configure the data. |
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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.