# 2026-15027: Farm Credit Agency Drops Outdated Loan Category

2026-15027, Loan Performance Categories and Financial Reporting, is a Federal Register rule from Farm Credit Administration published 2026-07-24, effective This regulation will be effective 30 days after publication in the Federal Register during which either or both Houses of Congress are in session. We will publish a document announcing the effective date in the Federal Register. (as of 2026-07-31).

- Canonical: https://policyrisk.com/federal-register/2026-15027
- As of: 2026-07-31
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2026-15027
- Title: Loan Performance Categories and Financial Reporting
- Type: Rule
- Agencies: Farm Credit Administration
- Citation: 91 FR 46703
- Published: 2026-07-24
- Effective: This regulation will be effective 30 days after publication in the Federal Register during which either or both Houses of Congress are in session. We will publish a document announcing the effective date in the Federal Register.
- Comments close: not stated
- Significant: no
- Touches household money: no
- Regulation identifier numbers: 3052-AD63
- Last updated: 2026-07-31

## In one line

Farm Credit Agency Drops Outdated Loan Category

## Summary

The Farm Credit Administration is updating its rules by removing the category for 'formally restructured loans' to match new accounting standards from 2022. This change affects Farm Credit System institutions, making their loan reporting clearer and more up-to-date without extra costs. The new rule kicks in about a month after it’s officially announced, keeping financial reports neat and consistent.

## Abstract

The Farm Credit Administration (FCA, we, or our) amends our regulatory high-risk loan performance categories by removing "Formally restructured loans (TDR)," also known as troubled debt restructurings. In 2022, changes in generally accepted accounting principles (GAAP) eliminated the accounting guidance for TDRs, enhanced disclosure requirements for certain loan refinancings and restructurings undertaken when a borrower is experiencing financial difficulty and changed existing vintage year disclosure requirements for public business entities. This final rule removes TDRs from our regulatory loan performance categories to reflect changes in GAAP. Because FCA regulations require Farm Credit System (System) institutions to prepare financial statements and reports in accordance with GAAP, retaining TDRs as a regulatory loan performance category is no longer consistent with current accounting standards. In addition to making conforming technical changes, the rule also makes minor technical and organizational revisions to ensure internal consistency within the regulation. In addition, FCA determined that no regulatory amendments are necessary to implement GAAP's enhanced disclosure requirements for loan modifications to borrowers experiencing financial difficulty or for amended vintage year disclosures, as existing FCA regulations already require GAAP-compliant financial reporting.

## Effects PRIA read

No economic effects identified for this document.

## Related documents

- [2026-11083](https://policyrisk.com/federal-register/2026-11083): Privacy Act of 1974; System of Records, 2026-06-03
- [2026-07903](https://policyrisk.com/federal-register/2026-07903): Assessment and Apportionment of Administrative Expenses, 2026-04-23
- [2026-03923](https://policyrisk.com/federal-register/2026-03923): Permanent Capital Revisions, 2026-02-27
- [2025-03172](https://policyrisk.com/federal-register/2025-03172): Statement on Regulatory Burden, 2025-03-03
- [2024-31573](https://policyrisk.com/federal-register/2024-31573): Internal Control Over Financial Reporting, 2025-02-13
- [2026-19877](https://policyrisk.com/federal-register/2026-19877): Informational Meeting, 2026-09-29

## Sources
- [2026-15027 on federalregister.gov](https://www.federalregister.gov/documents/2026/07/24/2026-15027/loan-performance-categories-and-financial-reporting)
- [2026-15027 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2026-07-24/pdf/2026-15027.pdf)

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Source: PRIA, https://policyrisk.com/federal-register/2026-15027 (as of 2026-07-31).