Electronic Feedback Form

Proposed Accounting Standards Update, Receivables—Troubled Debt Restructurings by Creditors (Subtopic 310-40), Classification of Certain Government-Guaranteed Residential Mortgage Loans upon Foreclosure (a consensus of the FASB Emerging Issues Task Force)

Comment Deadline: April 30, 2014

The FASB invites comments on the Proposed Accounting Standards Update, Receivables—Troubled Debt Restructurings by Creditors (Subtopic 310-40). A link to the proposed Update is provided below. Respondents are requested to read the entire document before providing their comments. The proposed Update provides a summary of the proposed guidance and the basis for the FASB’s conclusions.

The Board invites individuals and organizations to comment on all matters in this proposed Update, particularly on the issues and questions below. Comments are requested from those who agree with the proposed guidance as well as from those who do not agree. Comments are most helpful if they identify and clearly explain the issue or question to which they relate. Those who disagree with the proposed guidance are asked to describe their suggested alternatives, supported by specific reasoning. All comments received constitute part of the FASB’s public file. The FASB will make all comments publicly available by posting them to the Online Comment Letters portion of its website.

Download the Proposed Accounting Standards Update, Receivables—Troubled Debt Restructurings by Creditors (Subtopic 310-40), Classification of Certain Government-Guaranteed Residential Mortgage Loans upon Foreclosure.

Interested parties may also provide their comments in the form of a written letter by submitting their comments via email to director@fasb.org, File Reference No. EITF-13F. Those without email should send their written comments to “Technical Director, File Reference No. EITF-13F, FASB, 401 Merritt 7, PO Box 5116, Norwalk, CT 06856-5116.” Do not send responses by fax. All responses from those wishing to comment on the proposed Update must be received by April 30, 2014.
 
Instructions

The questions included in this feedback form are those that are in the proposed Update. You will be able to view remaining questions by clicking the "Next" button located at the bottom of each screen. Questions requiring responses are denoted by a red asterisk (*).
 
If you would like to return to the form at a later time to complete or revise your responses, click the "Save" button to retain your responses. After clicking the "Save" button, you will be presented with a link that you should keep and use to return to your form at a later time. The feedback form can be saved only after the required respondent information section is completed.

At the conclusion of the form, you will be provided with a printable summary of your responses. You can edit any responses by clicking the "Back" button. Click the "Submit" button to send your comments to the FASB so that they may be added to the public record (i.e. made available on the FASB website).

If you have any questions on this feedback form or the proposed Update, please contact Sean May at smay@fasb.org.