+Article 47a 7.

Article 47a 7.

Where a non-performing exposure has ceased to be classified as non-performing pursuant to paragraph 6, such exposure shall be under probation until all the following conditions are met:

(a) 

at least two years have passed since the date on which the exposure subject to forbearance measures was re-classified as performing;

(b) 

regular and timely payments have been made during at least half of the period that the exposure would be under probation, leading to the payment of a substantial aggregate amount of principal or interest;

(c) 

none of the exposures to the obligor is more than 30 days past due.

1. Overview

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1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements

3. Related Standards

Standards