Federally Insured Home Equity Conversion Mortgages (HECM Reverse Mortgages) - Amount Committed Directly by Credit Union

Acct Code

Description

Tip for pulling data stored in CU*BASE

811B1

This is the unfunded portion of commitments to extend credit under revolving, open-end lines of credit secured by 1-4 family residential properties authorized by Federally Insured Home Equity Conversion Mortgages. Report unfunded commitments directly committed by the credit union.

Note: This Account Code was deleted by the NCUA in Sept. 2017.

Run Tool #280 Contingent Liability Analysis Report by quarter end date. Select ‘line of credit’ and ‘open- credit’ loans. Use the ‘Contingent Liability’ total for your loan category code(s) that identify federally insured home equity mortgages.