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Credit Reform Accounting

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.

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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

Last modified 06/11/20