This is a 90-minute webinar.
12:00 pm – 1:30 pm PT
1:00 pm – 2:30 pm MT
2:00 pm – 3:30 pm CT
3:00 pm – 4:30 pm ET
One of the biggest concerns for financial institutions is the ever-evolving nature of loan modifications resulting from COVID-19. Early on in the pandemic, a primary concern for financial institutions was the potential for a high volume of loan modifications resulting in troubled debt restructurings (TDRs). As evidenced in the interagency guidance prior to passage of the CARES Act, short-term modifications (i.e., six months or less) would not be recognized as TDRs. Section 4013 of the CARES Act allowed for a temporary suspension of GAAP for TDRs. The Agencies have encouraged financial institutions to work prudently with borrowers and provide loan modifications to mitigate the pandemic’s adverse effects. What will this look like deep into 2021? This webinar will provide updated guidance on loan modifications, troubled debt restructurings, and regulatory changes. Join us to learn how this impacts your institution.
Further details will be available 45 days prior to the webinar date.
Attendance certificate provided to self-report CE credits.
NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.