Regulations Governing the Procedures for Credit Cooperatives to Evaluate Assets and Deal with Non-performing/Non-accrual Loans Article 16

When a loan is written off in accordance with the established procedures, the claims shall still be posted in the accounts and registry books for reference. The relevant business department shall monitor the activities of the primary/subordinate obligors. If it is discovered that the primary/subordinate obligors have property for execution, the credit cooperative should take recourse actions as provided by law. If an evaluation determines that there is no real benefit to be gained from the recourse actions described in the preceding paragraph, the debt needs not be posted in the accounts or put under control after approval by the board of directors; however, the debt shall continue to be recorded in registry books for future reference.