Troubled Loan Modifications: Evaluating, Tracking & Reporting

June 25, 2024

Auditing & Accounting Collections Compliance Lending Senior Management

Live Webinar:

DateJun 25, 2024Duration90 minutes

12:00 PM PDT01:00 PM MDT

02:00 PM CDT03:00 PM EDT

Unlimited connections for your institution
Available on desktop, mobile & tablet
Take-away toolkit
Presenter’s contact info for questions

On-Demand Webinar:

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

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From nixing TDRs to implementing TLM evaluations, this timely topic will teach you the latest on the Accounting Standards changes.

Learn the differences between the two, including the new TLM tracking and disclosure requirements, qualified borrower circumstances, and more. Get the expert insight you need to evaluate, track, and report troubled loan modifications.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

Explain the new troubled loan modification (TLM) evaluation process
Identify borrower circumstances that could indicate financial difficulty
Distinguish between an insignificant payment delay and a direct change in contractual cash flows
Recognize the different accounting treatments under the current expected credit losses (CECL) methodology
Understand the new TLM tracking and disclosure requirements
Implement best practice recommendations

WEBINAR DETAILS

It was exciting news when the Accounting Standards Update No. 2022-02, Financial Instruments – Credit Losses (Topic 326) eliminated the accounting guidance for troubled debt restructurings (TDRs). However, we now must consider, evaluate, track, and report loan modifications for borrowers experiencing financial difficulty. What’s the difference you ask? This session will answer this question and provide the resources needed to evaluate future loan modifications. Bring your questions!

WHO SHOULD ATTEND?

This informative session is designed for lending professionals, collections personnel, loan modification staff, and those responsible for loan modification accounting and reporting.

TAKE-AWAY TOOLKIT

TLM evaluation checklist
Useful website links to regulatory and accounting guidance
Employee training log
Interactive quiz
PDF of slides and speaker’s contact info for follow-up questions
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 institution is prohibited. Print materials may be copied for eligible participants only.