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Introduction

SECTION 5. SCOPE

Internal Revenue Bulletin 2007-52 · 2026-10-03 edition · updated 2026-10-04 · United States

.01 This revenue procedure applies to the following transactions occurring on or before July 31, 2010—

(1) A fast track modification of a Loan pursuant to the Framework; and

(2) A second-lien holder’s action of subordinating its lien to any new lien that may arise under a Loan as the result of a fast track modification.

.02 If the Framework is materially modified after December 6, 2007, this revenue procedure does not necessarily apply to fast track modifications under the revised

Framework or to second-lien subordinations to accommodate those modifications.

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▸Contents — Internal Revenue Bulletin 2007-52
Internal Revenue Bulletin 2007-52

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