TDR Comeback: Qualification Under CECL & End of CARES Act
February 23, 2023
DateFeb 23, 2023Duration90 minutes
12:00 PM PST01:00 PM MST
02:00 PM CST03:00 PM EST
- Unlimited connections for your institution
- Available on desktop, mobile & tablet
- Take-away toolkit
- Presenter’s contact info for questions
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- Unlimited & shareable access starting two business days after live stream
- Available on desktop, mobile & tablet devices 24/7
- Take-away toolkit
- Ability to download webinar video
- Presenter's contact info for questions
Further details will be available 45 days prior to the webinar date.
Attendance certificate provided to self-report CE credits
NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your agency is prohibited. Print materials may be copied for eligible participants only.
There was a reprieve from troubled debt restructurings (TDRs) during the COVID-19 pandemic due to the Coronavirus Aid, Relief, and Economic Security (CARES) Act and interagency guidance that allowed financial institutions to exclude certain loan modifications from TDR reporting. However, Section 4013 of the CARES Act ended on January 1, 2022, and the revised interagency guidance only allows for temporary modifications (not more than six months) for borrowers affected by COVID-19. TDRs will be making a comeback with the end of regulatory relief and another recession looming on the horizon. In addition, TDR accounting and disclosures will be changing with the adoption of the Current Expected Credit Losses (CECL) methodology. This session will guide you through the process of identifying TDRs, calculating expected reserves, compiling financial disclosures, and implementing best-practice recommendations along the way. Bring your questions!
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