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DECREE No. 355/2020 Coll. Of 20 August 2020 on applications and certain information pursuant to the Act on Banks and the Act on Credit Unions Pursuant to Article 4(8), Article 5(5), Article 16(7),
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The interagency statement on loan is a guidance issued jointly by multiple regulatory agencies to provide clarity on proper loan accounting and reporting.
Financial institutions and lenders are required to file the interagency statement on loan.
The interagency statement on loan should be filled out following the guidelines provided by the regulatory agencies, ensuring accurate and complete reporting.
The purpose of the interagency statement on loan is to ensure consistency and transparency in loan accounting practices across the financial industry.
The interagency statement on loan must include detailed information on loan portfolios, loan loss allowances, and other relevant loan accounting metrics.
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