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.
This April 13 webinar will include: Defining a troubled debt restructuring (TDR); – Understanding when a loan modification related to COVID-19 is exempt from TDR reporting; – Identifying when a coronavirus-related payment deferral does not need to be reported as past due; – Evaluating the best way to work with an affected borrower; – Determining the immediate proactive steps your financial institution should take. Learn more and register today