Troubled Loan Modifications: Evaluating, Tracking & Reporting
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.
