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A troubled debt restructuring may include a modification of terms of a debt. This would NOT include: Reduction of the stated payment rate for the
A troubled debt restructuring may include a modification of terms of a debt. This would NOT include:
Reduction of the stated payment rate for the remaining original life of the debt. | ||
Reduction of the face amount or maturity amount of the debt as stated in the instrument or other agreement. | ||
Reduction of accrued interest. | ||
All of the above are possible modifications of terms of a debt. |
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