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Friday, October 9, 2020

Interagency Statement on Loan Modifications: COVID-19 Impact

Start Date: 4/9/2020 1:00 PM MDT
End Date: 10/9/2020 2:30 PM MDT


Organization Name: Independent Bankers of Colorado

Contact:
Tara F. Hunter
Email: thunter@ibcbanks.org
Phone: (303) 832-2000

Interagency Statement on Loan Modifications: COVID-19 Impact
1:00 pm - 2:30 pm MT

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.
 
AFTER THIS WEBINAR YOU’LL BE ABLE TO:

  • Define a troubled debt restructuring (TDR)
  • Understand when a loan modification related to COVID-19 is exempt from TDR reporting
  • Identify when a coronavirus-related payment deferral does not need to be reported as past due
  • Evaluate the best way to work with an affected borrower
  • Determine the immediate proactive steps your financial institution should take
 
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.
 
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.
 
TAKE-AWAY TOOLKIT
  • Interagency Statement on Loan Modifications and Reporting for Financial Institutions Working with Customers Affected by the Coronavirus
  • Checklist of proactive steps to assist your institution in the near-term
  • Employee training log
  • Interactive quiz
 
DON’T MISS THESE RELATED WEBINARS!

Commercial Loan Workouts, Restructuring & Loss Mitigation
Wednesday, April 1, 2020

TDRs: Defining, Examples, Financial Reporting & Best Practices
Thursday, June 4, 2020

Annual Loan Review: Consumer, Commercial & Residential 
Wednesday, December 2, 2020
 
  MEET THE PRESENTER
Elizabeth Fast, JD, CPA, Spencer Fane LLP
Elizabeth Fast is a partner with Spencer Fane LLP where she specializes in the representation of financial institutions.  Elizabeth is the head of the firm’s training division.  She received her law degree from the University of Kansas and her undergraduate degree from Pittsburg State University.  In addition, she has a Master of Business Administration degree and she is a Certified Public Accountant.  Before joining Spencer Fane, she was General Counsel, Senior Vice President, and Corporate Secretary of a $9 billion bank with more than 130 branches, where she managed all legal, regulatory, and compliance functions.  She is a member of the Missouri State Banking Board by appointment of the Governor.
 


THREE REGISTRATION OPTIONS – WHAT YOU GET
1. Live Webinar Includes
  • Up to three connections to the Live Webinar
  • Handout and Take-Away Toolkit
  • Available on desktop, mobile & tablet
  • Presenter’s contact info for follow-up
2. Recorded Webinar Includes
  • Recording of the Live Webinar
  • Available two business days following Live date
  • Handout and Take-Away Toolkit
  • Available on desktop, mobile & tablet
  • Free Digital Download, yours to keep
  • Share link with anyone at your institution
  • Presenter’s contact info for follow-up
 3. Purchase the BOTH Option to receive all the benefits listed above!