Posted By: Compli(cated)
COVID-Related Deferral - TDR Reporting - 04/23/21 06:31 PM
We have a few customers who are coming up on 1 year of loan deferrals due to COVID (90-day extensions). These are non-government backed. Has anyone found a way to not have to report them as TDR at this point? The interagency letter gives guidance for that, but now we are outside of the 12/21/2021 timeframe and the deferral seems to exceed their "example" of 6 months that they are using for Option #2.
https://www.fdic.gov/news/press-releases/2020/pr20049a.pdf
Is there any updated guidance that I am missing or practical ways to work it out?
Thank you!
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Is there any updated guidance that I am missing or practical ways to work it out?
Thank you!