Mortgage loans on real estate and interest earned on mortgages. <sup>1</sup>

  1. Law
  2. CFR 17
  3. Commodity and Securities Exchanges
  4. Securities and Exchange Commission
  5. Form and Content of and Requirements for Financial Statements, Securities Act of 1933, Securities Exchange Act of 1934, Investment Company Act of 1940, Investment Advisers Act of 1940, and Energy Policy and Conservation Act of 1975
  6. For Face-Amount Certificate Investment Companies
  7. Mortgage loans on real estate and interest earned on mortgages. <sup>1</sup>

Checkout our iOS App for a better way to browser and research.

§ 210.12-23 Mortgage loans on real estate and interest earned on mortgages.1

Expand Table
Part 1 - Mortgage loans on real estate at close of period Part 2 - Interest earned on mortgages
Column A - List by classification indicated below2 3 7 Column B - Prior liens2 Column C - Carrying amount of mortgage8 9 10 11 Column D - Amount of principal unpaid at close of period Column E - Amount of mortgage being foreclosed Column F - Interest due and accrued at end of period6 Column G - Interest income earned applicable to period5
(1) - Total (2) - Subject to delinquent interest4
Liens on:
Farms (total)
Residential (total)
Apartments and business (total)
Unimproved (total)
Total12

1 All money columns shall be totaled.

2 If mortgages represent other than first liens, list separately in a schedule in a like manner, indicating briefly the nature of the lien. Information need not be furnished as to such liens which are fully insured or wholly guaranteed by an agency of the United States Government.

3 In a separate schedule classify by states in which the mortgaged property is located the total amounts in support of columns B, C, D and E.

4 (a) Interest in arrears for less than 3 months may be disregarded in computing the total amount of principal subject to delinquent interest.

(b) Of the total principal amount, state the amount acquired from controlled and other affiliates.

5 In order to reconcile the total of column G with the amount shown in the profit and loss or income statement, interest income earned applicable to period from mortgages sold or canceled during period should be added to the total of this column.

6 If the information required by columns F and G is not reasonably available because the obtaining thereof would involve unreasonable effort or expense, such information may be omitted if the registrant shall include a statement showing that unreasonable effort or expense would be involved. In such an event, state in column G for each of the above classes of mortgage loans the average gross rate of interest on mortgage loans held at the end of the fiscal period.

7 Each mortgage loan included in column C in an amount in excess of $500,000 shall be listed separately. Loans from $100,000 to $500,000 shall be grouped by $50,000 groups, indicating the number of loans in each group.

8 In a footnote to this schedule, furnish a reconciliation, in the following form, of the carrying amount of mortgage loans at the beginning of the period with the total amount shown in column C:

Expand Table
Balance at beginning of period $
Additions during period:
New mortgage loans $
Other (describe)
Deductions during period:
Collections of principal $
Foreclosures
Cost of mortgages sold
Amortization of premium
Other (describe)
Balance at close of period $

If additions represent other than cash expenditures, explain. If any of the changes during the period result from transactions, directly or indirectly with affiliates, explain the bases of such transactions, and amounts involved. State the aggregate amount of mortgages (a) renewed and (b) extended. If the carrying amount of the new mortgages is in excess of the unpaid amount (not including interest) of prior mortgages, explain.

9 If any item of mortgage loans on real estate investments has been written down or reserved against pursuant to § 210.6-03 describe the item and explain the basis for the write-down or reserve.

10 State in a footnote to column C the aggregate cost for Federal income tax purposes.

11 If the total amount shown in column C includes intercompany profits, state the bases of the transactions resulting in such profits and, if practicable, state the amounts thereof.

12 Summarize the aggregate amounts for each column applicable to § 210.6-06(1) and 6-06(5)(a).

[16 FR 348, Jan. 13, 1951, as amended at 16 FR 2655, Mar. 24, 1951; 83 FR 50208, Oct. 4, 2018]


Download our app to see the most-to-date content.