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COVID-19: When a bank loan restructure may not be a troubled debt restructuring (revised)

Pile of hundred dollar bills

Since our March 2020 blog post, the Federal banking and credit union regulators have published revised guidance clarifying the relationship between the March 22, 2020 Interagency Statement on Loan Modifications and Reporting for Financial Institutions Working with Customers Affected by the Coronavirus and Section 4013 of the CARES Act. READ MORE