TDR Relief & Credit Impairment Assessment

Thoughtware Article Published: Nov 03, 2020
Authors
Anne Coughlan
Related Industries
Financial Services
Related Services
Audit, Accounting, & Assurance
CECL Consulting Services
Topics
Financial
Pointing at a notebook with a pen and a hand

As the COVID-19 pandemic continues to impede a sustained economic recovery, financial institutions must remain vigilant in their evaluation of credit loss under either the incurred loss model or the new CECL model. Federal banking regulators have issued several interagency statements with guidance on determining whether a loan modification is a troubled debt restructuring (TDR). This article provides details on loan modifications.

DOWNLOAD PDF

Related Thoughtware

Kate & Ben — How can we help you? Contact Us!

How can we help you?