Commercial Loan: Workouts, Restructuring & Loss Mitigation

Tuesday, April 20, 2021 
3:00 pm – 4:30 pm Eastern

Do you understand the available options for dealing with troubled commercial loans?  What is the risk exposure for each?  What if the delinquency is COVID-caused?  Does the pandemic change any aspect of TDRs?  Join us to learn how to determine which collection option is best for your financial institution.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

• Use and comply with the regulatory guidance issued to lenders dealing with troubled loans caused by the COVID pandemic 
• Evaluate the alternatives – deferral, workout, forbearance, receivership, deed in lieu, marshalling of assets, repossession of personal property, foreclosure on real property, and deficiency judgments
• Take the proper steps to accomplish each alternative
• Protect your institution from potential liability
• Describe what constitutes a troubled debt restructuring for reporting purposes
  

WEBINAR DETAILS 

The COVID pandemic continues to impose significant adverse impacts on most commercial businesses.  Financial institutions have worked prudently with commercial borrowers who have been unable to meet their loan obligations due to the COVID pandemic.  But, where do we go from here?  

There are several alternatives to consider when dealing with troubled loans, including a deferral, workout, forbearance, receivership, deed in lieu, marshalling of assets, repossession of personal property collateral, foreclosure on real property collateral, and deficiency judgments.  Each alternative has a certain amount of risk exposure and making a mistake could result in losses that far exceed the loan amount.  This webinar will cover all aspects of each alternative and the related risks.  Understanding the proper steps for each scenario will help you properly evaluate which option is the best for your institution.  In addition, the webinar will address what constitutes a troubled debt restructuring for reporting purposes related to the COVID pandemic.

WHO SHOULD ATTEND? 

This informative session is designed for all staff involved in the loan collection process, such as loan officers, workout officers, loan operations personnel, collectors, attorneys, auditors, compliance officers, and managers. 

TAKE-AWAY TOOLKIT

• Checklist of proactive steps to use with troubled borrowers
• FFIEC’s Joint Statement on Additional Loan Accommodations Related to COVID-19
• Employee training log
• Interactive quiz
  

SPEAKER

Elizabeth Fast, JD, CPA
Spencer Fane LLP

Elizabeth Fast is a partner with Spencer Fane LLP where she specializes in the representation of financial institutions.  Elizabeth is the head of the firm’s training division.  She received her law degree from the University of Kansas and her undergraduate degree from Pittsburg State University.  In addition, she has a Master of Business Administration degree and she is a Certified Public Accountant.  Before joining Spencer Fane, she was General Counsel, Senior Vice President, and Corporate Secretary of a $9 billion bank with more than 130 branches, where she managed all legal, regulatory, and compliance functions.

Attendance verification for CE credits provided upon request.

Webinar Sponsored by Financial Education & Development

If you are having issues with registering online, please contact CBAO's Education,Training & Special Events Coordinator, Patti Webb, (614) 610-1877.