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.
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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. |
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.