Iowa Division of Banking · IA
New Superintendent Guidance about CECL and LLL Calculation
December 20, 2023
Summary
The Iowa Division of Banking issued guidance clarifying how banks should incorporate the Current Expected Credit Losses (CECL) accounting standard into their Legal Lending Limit (LLL) calculations. This document ensures consistent regulatory treatment of allowance accounts under Iowa Code when determining credit exposure limits.
AI-generated summary · May 24, 2026. Verify with your compliance counsel before acting.
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The Superintendent released a new guidance today. It is titled "Current Expected Credit Losses (CECL) Accounting Standards Codification (ASC) 326 and Iowa Code Legal Lending Limit." This guidance was sent to all Iowa regulated banks.
SG-2023-01: CECL and LLL Calculation (162.11 KB) Archived .pdf
Source: https://idob.iowa.gov/news/2023-12-20/new-superintendent-guidance-about-cecl-and-lll-calculation
Common questions
- What does "New Superintendent Guidance about CECL and LLL Calculation" cover?
- The Iowa Division of Banking issued guidance clarifying how banks should incorporate the Current Expected Credit Losses (CECL) accounting standard into…
- Which agency issued this update?
- This update was issued by Iowa Division of Banking.
- When was it published?
- It was published on December 20, 2023.