September 17, 2020 - 11:07am
#1
When considering whether a loan qualifies as a TDR, should lifetime deferments for reasons of financial difficulty be aggregated to count toward six total months of deferments or should only deferments of six consecutive months be considered for TDR classification?
Our accounting department needs some guidance on this question. I don't believe it is related to or affected by 2020 pandemic information. If you know the answer, can you please point us to what confirms the consideration?
Thank you.
