Bank Regulators Provide COVID-19 Relief for TDRs

Thoughtware Alert Mar 24, 2020
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During the weekend, bank regulators issued an interagency statement addressing loan modifications in light of the coronavirus disease 2019 (COVID-19) outbreak. The agencies called on banks to work with their customers to provide relief that may involve debt modifications or concessions, noting that examiners will not criticize prudent efforts to modify existing loan terms to affected customers. This article details guidance in regard to troubled debt restructurings.

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