Kan. Admin. Regs. § 17-17-8 - Hedging of mortgage banking operations
(a) The bank shall
account for financial futures contracts associated with bona fide hedging of
mortgage banking operations in accordance with generally accepted accounting
principles applicable to the activity.
(b) As used in this regulation, "contracts
associated with bona fide hedging of mortgage banking operations" means the
origination and purchase of mortgage loans for resale to investors or the
issuance of mortgage-backed securities.
Notes
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