Collections Track

Included in the scope of changes related to the new accounting standard known as CECL was the elimination of TDRs. With loan delinquency getting back to historical norms there will be increased activity related to modifying loans to help borrowers. This session will:

• Discuss the CECL changes related to loan modifications
• Identify circumstances that could indicate financial difficulty
• Discuss differences between insignificant payment delays and a direct change in contractual cash flows
• Review the new loan modification and disclosure requirements
• Identify best practices recommendations related to accounting for loan modifications