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Tuesday, April 20, 2021

Commercial Loan: Workouts, Restructuring & Loss Mitigation

Start Date: 4/20/2021 1:00 PM MDT
End Date: 4/20/2021 2:30 PM MDT


Organization Name: Independent Bankers of Colorado

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

Commercial Loan: Workouts, Restructuring & Loss Mitigation
1:00 pm – 2:30 pm MT

Do you understand the available options for dealing with troubled commercial loans?  What is the risk exposure for each?  What if the delinquency is COVID-caused?  Does the pandemic change any aspect of TDRs?  Join us to learn how to determine which collection option is best for your financial institution.
 
AFTER THIS WEBINAR YOU’LL BE ABLE TO:

  • Use and comply with the regulatory guidance issued to lenders dealing with troubled loans caused by the COVID pandemic
  • Evaluate the alternatives – deferral, workout, forbearance, receivership, deed in lieu, marshalling of assets, repossession of personal property, foreclosure on real property, and deficiency judgments
  • Take the proper steps to accomplish each alternative
  • Protect your institution from potential liability
  • Describe what constitutes a troubled debt restructuring for reporting purposes
 
WEBINAR DETAILS
The COVID pandemic continues to impose significant adverse impacts on most commercial businesses.  Financial institutions have worked prudently with commercial borrowers who have been unable to meet their loan obligations due to the COVID pandemic.  But, where do we go from here? 
 
There are several alternatives to consider when dealing with troubled loans, including a deferral, workout, forbearance, receivership, deed in lieu, marshalling of assets, repossession of personal property collateral, foreclosure on real property collateral, and deficiency judgments.  Each alternative has a certain amount of risk exposure and making a mistake could result in losses that far exceed the loan amount.  This webinar will cover all aspects of each alternative and the related risks.  Understanding the proper steps for each scenario will help you properly evaluate which option is the best for your institution.  In addition, the webinar will address what constitutes a troubled debt restructuring for reporting purposes related to the COVID pandemic.
 
WHO SHOULD ATTEND?
This informative session is designed for all staff involved in the loan collection process, such as loan officers, workout officers, loan operations personnel, collectors, attorneys, auditors, compliance officers, and managers.
 
TAKE-AWAY TOOLKIT
  • Checklist of proactive steps to use with troubled borrowers
  • FFIEC’s Joint Statement on Additional Loan Accommodations Related to COVID-19
  • Employee training log
  • Interactive quiz
 
DON’T MISS THIS RELATED WEBINAR!
Collection Series: Troubled Debt Restructuring in the COVID Economy
on Tuesday, June 8, 2021  

 
  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.




THREE REGISTRATION OPTIONS – WHAT YOU GET
1. Live Webinar Includes
  • Unlimited connections within your institution 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!