Events Calendar

Commercial Lending Series Webinar: Commercial Loan Workouts, Restructuring & Loss Mitigation
Thursday, April 02, 2020, 03:00pm - 04:30pm

Do you understand the available options for dealing with troubled commercial loans? Learn the alternatives, risks, landmines, potential liability – and how to move forward with all types of troublesome commercial loans.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

  • Evaluate the alternatives – workout, forbearance, receivership, deed in lieu, marshalling of assets, repossession of personal property, foreclosure on real property, taking control of intangible collateral, and deficiency judgment
  • Protect your institution from potential liability
  • Determine when IRS forms 1099-A and 1099-C must be issued
  • Define what constitutes a troubled debt restructuring for reporting purposes

WEBINAR DETAILS

Commercial loan problems continue to trouble financial institutions. There are several alternatives to consider when dealing with troubled loans, including a workout, forbearance, receivership, deed in lieu, marshalling of assets, repossession of personal property collateral, foreclosure on real property collateral, taking control of intangibles, 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. You’ll also learn what constitutes a troubled debt restructuring for reporting purposes.

WHO SHOULD ATTEND?

This informative session is designed for loan collection staff (real estate and non-real estate loans), including loan officers, workout officers, loan operations personnel, collectors, attorneys, auditors, compliance officers, and managers.

TAKE-AWAY TOOLKIT

  • Interagency Supervisory Guidance Addressing Certain Issues Related to Troubled Debt Restructurings
  • FFIEC’s Policy Statement on Prudent Commercial Real Estate Loan Workouts
  • Employee training log
  • Interactive quiz

SPEAKER:  Elizabeth Fast, Spencer Fane LLP

Elizabeth Fast is a partner with Spencer Fane Britt & Browne 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. She is a member of the Missouri State Banking Board by appointment of the Governor.