TDR Relief & Credit Impairment Assessment
Thoughtware Article
Published: Nov 03, 2020

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.