Interagency Statement on Loan Modifications: Working with Borrowers Impacted by COVID-19

  • by ICBSD
  • Apr 09, 2020
  • 0

Date/Time
Date(s) - 04/09/2020
2:00 pm - 3:30 pm

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Interagency Statement on Loan Modifications: Working with Borrowers Impacted by COVID-19

Are your borrowers struggling? A recent interagency statement provides guidance for working with borrowers experiencing loan shortfalls due to the impact of COVID-19 – but outside the normal TDR structure. Learn the details and next steps.

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WEBINAR DETAILS

On March 22, 2020, federal and state regulators issued the Interagency Statement on Loan Modifications and Reporting for Financial Institutions Working with Customers Affected by the Coronavirus. This statement provides guidance about how to work with borrowers (both consumer and commercial) who are unable to meet their loan payment obligations due to the coronavirus situation. If handled correctly, loan modifications to assist borrowers who were current prior to the pandemic will not be characterized as a TDR, and payment deferrals will not be required to be reported as past due. With this webinar, you’ll learn to properly handle consumer and commercial loan modifications and payment deferrals in accordance with the Interagency Statement and how to document compliance. Discover the proactive steps that can assist your institution immediately.

Attendance certificate provided to self-report CE credits.

WHO SHOULD ATTEND?

This informative session is designed for consumer and commercial loan personnel, including loan officers, loan operations staff, workout and special asset personnel, collectors, attorneys, auditors, compliance officers, and managers

ABOUT THE AUTHOR

ICBSD