This reference material is provided to assist credit agencies in complying with the Credit Reform Act of 1990 (P.L. 101-508).
Credit Reform Case Studies
Guide for Basic Accounting and Reporting for Direct Loan Programs without Collateral in Federal Credit Programs.
Guide for Basic Accounting and Reporting for Loan Guarantee Programs without Collateral in Federal Credit Programs
Federal Credit Program Basic Accounting and Reporting Guide for Direct Loan and Loan Guarantee Programs without Collateral (Pre-Credit Reform)
Guide for Basic Accounting and Reporting for Foreclosed Property in Federal Credit Reform Programs.
Credit agencies must comply with the Credit Reform Act of 1990 (PL 101-508).
Understanding the Federal Credit Reform Act of 1990
The 1990 Act has 4 main objectives:
- Measure more accurately the cost of federal credit programs
- Place the cost of credit programs on a budgetary basis equivalent to other federal spending
- Encourage the delivery of benefits in the form most appropriate to the needs of beneficiaries
- Improve the allocation of resources among credit programs and between credit and spending programs