Oregon Administrative Rules|Section 441-720-0365 - Minimum Reserves for Potential Loan Losses

                                                
Current through Register Vol. 60, No. 12, December 1, 2021 
The following schedule sets the minimum amount the credit union must reserve for classified loans:
 
Classification -- Amount Required
 
Substandard - 10% of outstanding balance unless other factors (for example, history of such loans at the credit union) indicate a greater or lesser amount is appropriate.
 
Doubtful - 50% of the outstanding balance.
 
Loss - 100% of the outstanding balance.
 
Or. Admin. R. 441-720-0365
FCS 2-2002, f. & cert. ef. 8-27-02
Stat. Auth.: ORS 723.102 & 723.156
 
Stats. Implemented: ORS 723.156 & 723.502