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Impaired Loans: Handle with Care - How to Manage, Account For and Collect Them (MLC941U)

  Pre Recorded Webinar
  60 minutes
  
Multiple Participants?
Call 1-800-223-8720
for a group pricing

How Bankers can Ascertain Risk and Determine Future Credit Risk on Impaired Loans

To start with, we need to understand when a loan is regarded as Impaired. According to Accounting Standards Codification 310-10-35-2 through 30 (formerly, Financial Accounting Standard Board “FASB” 114), a loan is Impaired when, based on current information and events, it is probable that a creditor will be unable to collect all amounts due (Principal and Interest) according to the original contractual terms of the loan agreement. It is implicit in these conditions that it must be probable that one or more future events will occur confirming the fact of the loss.

‘Impaired’ loans require special attention, especially from bankers with a portfolio of such loans in the current economic environment. Two distinct requirements must be employed to manage Impaired loans. In this conference, expert speaker Jeffery W. Johnson will explain these requirements. They are:

1. Proper “Accounting” for Impaired Loans in the Allowance for Loans and Lease Losses under FAS 114; Proper loan grading; Determining if they should be placed on a non-accrual status and if they should be considered a Trouble Debt Restructure.

2. Employing proven commercial loan collection strategies and techniques to increase the probability of being repaid from sources other than the liquidation of collateral.

As per the first requirement, the “Policy Statement on Prudent Commercial Real Estate Loan Workouts” was issued by the Federal Regulators in 2009. This guidance will be addressed in addition to:

To accomplish the second requirement for employing proven commercial loan collection strategies and techniques the following topics will be covered:

In crux, the purpose of this audio conference is to:

The terminology along with the knowledge of the current laws that help aide the reviewing process is considered appropriate for this session. Also, examples of topics that will be examined during this audio conference include the following: 

In this session, the participant will be able to:

Who Should Attend

 

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Presenter

Jeffery W. Johnson started his career with SunTrust Bank in Atlanta as a Management Trainee and progressed to Vice President and Senior Lender of SouthTrust Bank and Senior Vice President and Commercial Banking Division Manager for Citizens Trust Bank of Atlanta.

Most of his career has bee... More info

 


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Disclaimer: The content herein does not represent any association between CFPB and Eli Financial LLC. CFPB neither endorses any product of Eli Financial LLC nor warrants accuracy of the content hereto.