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.
Download PDF | Download WordGuide for Basic Accounting and Reporting for Loan Guarantee Programs without Collateral in Federal Credit Programs
Download PDF | Download WordFederal Credit Program Basic Accounting and Reporting Guide for Direct Loan and Loan Guarantee Programs without Collateral (Pre-Credit Reform)
Download PDF | Download WordGuide for Basic Accounting and Reporting for Foreclosed Property in Federal Credit Reform Programs.
Download PDF | Download WordCredit 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