COVID-19 Loan Essentials: Modifications, Accommodations & Latest Regulatory Guidance

Date:

Oct 13, 2020

03:00 am – 4:30 pm EST
(90-minute webinar – recording also available)

COVID-19’s reach has extended into lending, leading the Agencies to issue various regulatory guidances.  Learn the current areas of examiner focus and how pandemic-related loan modifications and risk assessments have been impacted. 

WEBINAR DETAILS

A proactive approach to identifying, measuring, and mitigating credit risk resulting from the effects of COVID-19 should be a top priority in the third and fourth quarters of 2020.  As part of prudent portfolio management practices, it is imperative that management understands examination factors – in addition to best practices for identifying and assessing risk grades for borrowers affected by the pandemic.  

The Agencies have provided guidance regarding the impact of COVID-19 on financial institutions.  This presentation will provide a summary narrative of select Agency topics, including examiner guidance for assessing safety and soundness, additional COVID-related accommodations, and modification classifications in response to the pandemic.  In addition, this webinar will provide management with proactive measures and considerations to contemplate to provide timely and accurate risk assessment due to the effect of COVID-19.


 

Agenda

WHO SHOULD ATTEND?

This timely program will benefit lending personnel, specifically loan officers and credit analysts.  Management members with loan portfolio oversight responsibility will greatly benefit from this comprehensive presentation.


Topics

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

  • Discuss these regulatory guidances:
    • Interagency Examiner Guidance for Assessing Safety & Soundness Considering the Effect of the COVID-19 Pandemic on Institutions (June 2020)
    • Joint Statement on Additional Loan Accommodations Related to COVID-19 (August 2020)
    • Interagency Statement on Loan Modifications and Reporting for Financial Institutions Working with Customers Affected by the Coronavirus (April 2020)
  • Review and address the actions needed to provide accurate risk ratings, especially for borrowers highly impacted by COVID-19
  • Differentiate between Section 4013 modifications and interagency short-term modifications, including required monitoring and tracking of Section 4013 modifications

        TAKE-AWAY TOOLKIT

        • Excel spreadsheet to distinguish modification classification regarding Section 4013, interagency short-term modification, or troubled debt restructure
        • Employee training log
        • Interactive quiz
        Speaker

        Aaron Lewis, Young & Associates, Inc.

        Aaron Lewis is a senior consultant at Young & Associates, Inc. With over 15 years in the banking industry, his expertise is now dedicated to the lending division of Young & Associates where he assists financial institutions with loan, ALLL, policy, and credit-process and compliance reviews.  He also conducts seminars on credit risk and compliance.

        Prior to joining Young & Associates, Aaron was the Vice President Credit Administrator of a community financial institution in southeast Michigan and managed all facets of the lending function, including originations, underwriting, ALLL analysis, servicing, and secondary market compliance.  He holds a Bachelor’s in finance from Michigan State University and graduated from the Graduate School of Banking, University of Wisconsin.

        Fees

        MEMBER

        Live Webinar
            $255.00 Up to three locations
            $155.00 Each additional location

        Recorded Webinar & Free Digital Download (Available two business days after Live Webinar date)
            $255.00

        Premiere Package (Live & Recorded Webinar with Free Digital Download)
            $375.00

        Association Contact

        If you have any questions or need additional information, please contact Marcy Borden at 317-387-9380 or mborden@indiana.bank

        Cancellation Policy

        Within three or more business days prior to the day of an educational program, no cancellation charge will be assessed. If your bank is unable to participate after registering, you can select to purchase the on-demand presentation.