TDR Comeback: Qualification Under CECL & End of CARES Act

Are you up to speed on TDRs? After a reprieve of regulatory relief, TDRs will be making a comeback. Are you prepared? What effect does CECL have? Do you know the deadlines? Join this informative webinar to get on top of the current status of TDRs and what’s on the horizon.

After This Webinar You’ll Be Able To:

• Explain the new TDR 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 treatment under CECL
• Understand the new TDR tracking and disclosure requirements
• Implement best practice recommendations

Webinar Details
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!

Who Should Attend?
This informative session is designed for lending and collections personnel, loan modification staff, and those responsible for loan modification accounting and reporting.

Take-Away Toolkit

• 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 agency is prohibited. Print materials may be copied for eligible participants only.

Presenter Bio
Stephen J.M. Schiltz – CLA
Steve Schiltz is principal with CLA’s Tucson office. He began his career with CLA in 2002 and has extensive experience providing assurance and consulting services to community financial institutions. Schiltz has made presentations to management teams, supervisory committees, and boards of directors, as well as national speaking engagements and webinars.

A licensed CPA in Arizona and Texas, Schiltz is a member of the AICPA, Arizona Society of CPAs, and the Beta Gamma Sigma Honor Society. He received his bachelor’s in accounting, cum laude, from the University of Arizona in Tucson.

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