Jun 25, 2024
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.
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!
Tuesday June 25th, 2024
11:00 am - 12:00 pm EST
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
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
Who Should Attend
This session is designed for executives, board members, managers, compliance staff, internal auditors, marketing staff, and anyone interested in maximizing your compliance efforts.
Stephen J.M. Schiltz
CLA
Purchase
Live: $510.00
On-Demand: $510.00
Live & On-Demand: $750.00
AyZha Hazelwood, Education Meeting Coordinator
Ahazelwood@indiana.bank
317-387-9380