+170. A write-off may be done before legal actions against the borrower to recover the debt have …
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170. A write-off may be done before legal actions against the borrower to recover the debt have …
A write-off may be done before legal actions against the borrower to recover the debt have been concluded in full. A write-off should not be considered to mean that the credit institution has forfeited the legal right to recover the debt; a credit institution’s decision to forfeit the legal claim on the debt is debt forgiveness.
1. Overview
1.1 References
1.2 Identified Requirements
1.3 Related Standards
2. Identified Requirements
Requirements
| Source |
Requirement |
3. Related Standards
Standards
| Source |
Requirement |
- EBA - Published by the European Banking Authority at https://www.eba.europa.eu/
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