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Financial Accounting Standards BoardORIGINAL PRONOUNCEMENTS AS AMENDEDStatement of Financial Accounting Standards No. 91 Accounting for Nonrefundable Fees and Costs Associated with Originating or
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What is line of credit modification?
Line of credit modification is a change made to the terms and conditions of a line of credit, such as the interest rate or credit limit.
Who is required to file line of credit modification?
Borrowers or lenders who wish to make changes to a line of credit are required to file line of credit modification.
How to fill out line of credit modification?
To fill out line of credit modification, borrowers or lenders must provide details about the requested changes, along with any supporting documentation.
What is the purpose of line of credit modification?
The purpose of line of credit modification is to adjust the terms of the line of credit to better suit the needs of the borrower or lender.
What information must be reported on line of credit modification?
Information such as the reason for the modification, the proposed changes, and any financial impact must be reported on line of credit modification.
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