Utah Administrative Code (Current through November 1, 2019) |
R337. Financial Institutions, Credit Unions |
R337-5. Allowance for Loan and Lease Losses - Credit Unions |
R337-5-1. Authority, Scope and Purpose
Latest version.
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(1) This rule is issued pursuant to Section 7-9-29.
(2) This rule applies to all state-chartered credit unions.
(3) This rule requires the allowance account for loan and lease losses (ALLL) be maintained in accordance with Generally Accepted Accounting Principles (GAAP).