COVID-19 has caused a lot of financial stress forcing many lenders to work with struggling borrowers with the hope of avoiding default. Unforunately, loan modifications do not always work and the lender must then resort to a forbearance agreement as a last-ditch effort to pivot the loan from a downward to an upward trajectory. This presentation will provide an in-depth discussion regarding forbearance agreements including when such agreements should or should not be pursued, essential provisions of the agreements, and effective implementation with the goal of turning around a distressed loan so as to avoid the legal fees and costs associated with loan enforcement.
The program consists of 60 minutes of instruction and live Q&A. Each registration allows for one connection to the webinar and materials with 30-day replay access. You may have unlimited listeners on your connection by speaker phone and PC. You will receive a confirmation with your PIN, materials and logon instructions. If you do not receive a confirmation at least two days prior to the event, call 785-232-3444. You may also purchase the OnDemand recording and materials for ongoing training purposes.
Any transmission, retransmission or republishing of the audio portion of the seminar is strictly prohibited. Your registration entitles you to ONE connection at ONE physical location along with permission to make copies of seminar materials for all listeners from your institution.