Loan RestructuringLoan Restructuring

Loans that have been modified are generally referred to as Restructured Loans; this is due to the financial changes and conditions of the borrower. This process is for changing a significant status of any part of the original term of the loan, mainly a reduction of either interest or principal.

Due to some credit issues, after an obligation has been restructured, it will remain as restructured until fully paid or if the obligation generates a market rate, until the year subsequent to the year in which the restructuring takes place.

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