Tuesday
Jun 8
2021

Collection Series: Troubled Debt Restructuring in the COVID Economy

Registration Options & Pricing

Please select your membership status.


On-Demand Access Includes:

  • Unlimited Access to Webinar Recording
  • Can be viewed anytime 24/7, beginning 2 business days after the webinar
  • Handout and Take-Away Toolkit
  • Available on Desktop, Mobile & Tablet
  • Free Digital Download, yours to keep
  • Share link with anyone at your bank
  • Presenter’s contact info for follow-up
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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

Increased TDRs go hand-in-hand with the COVID economy. But what qualifies as a TDR right now? The CARES Act was passed to allow for short-term relief, but what happens when that expires? Join us to learn about compliant collections and reporting under COVID-related restraints.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

  • Understand what qualifies as a TDR
  • Determine the differences between interagency guidance and the CARES Act
  • Know how to account for 2021 modifications
  • Discuss current regulatory guidance

WEBINAR DETAILS

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.

This session will focus on loan modifications under both interagency guidance and the CARES Act, troubled debt restructurings, how to account for modifications in 2021, and current regulatory guidance. Join us to learn how this impacts your institution.

Attendance certificate provided to self-report CE credits.

Save with this series!

WHO SHOULD ATTEND?

This informative session is designed for accounting professionals and credit department decisionmakers, including CFOs, controllers, and CCOs. CEOs, CLOs, COOs, lenders, Audit Committee members, etc. will benefit from the regulatory guidance.

TAKE-AWAY TOOLKIT

  • TDR questionnaire
  • Employee training log
  • Interactive quiz

DON'T MISS THIS RELATED WEBINAR!

"Commercial Loan: Workouts, Restructuring & Loss Mitigation"
April 20, 2021
Available Now

 

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.

MEET THE PRESENTERS

 


We provide bank webinars on compliance, lending, regulations, security, operations, new accounts, collections, fraud, security & other topics. For more information on bank education and online training opportunities, join our mailing list.